For this week's discussion, go on the web and learn the specific monetary and fiscial policy changes (don't forget taxes) that occurred in 1937. Use what you have learned about GDP, production costs and aggregate demand and aggregate supply to project the most likely results of those changes.
Next view our current economic condition and the recently proposed tax increases, the ending of the Federal Reserve's Quantitative Easing and the proposals for increased government spending that may or may not be offset by spending cuts in other areas. Again using the tools you have learned, what do you think is the most likely result?
In other words, compare 2015 to 1937 and explore what lessons and cautions may be learned from that comparison.
Think in terms of an economic policy advisor.
At least two paragraphs and three references