What is the difference between monetary and fiscal policy? (20 points) What tools does each type of policy have at its disposal? (20 points) What impact did these policies have on the aggregate supply and aggregate demand curves during the great recession (2007-2009) and Covid-19 (2020-2022)? (20 points) Defend whether you think the FED chose the right actions. What could the FED have done better? (20 points) Were there any moral hazards in these policies? (20 points) The Details This paper has a value of 100 points and is worth 5% of your overall grade. This paper is due 10/12/23 by midnight. Your essay should be at least 750 words (2-3 pages) and in proper paragraph format. It will be graded for the accuracy of your content, the quality of your writing, the flow and coherence of your paper, the use of in-text references (APA format), the use and proper APA format of a reference page, and the mechanics of spelling, grammar, syntax, etc. The Rubric can be found on page 2