2. contrasting policy mixes. i. the bush-greenspan policy mix: in 2001, the fed pursued an expansionary monetary policy and reduced interest rates. at the same time, president george w. bush pushed through legislation that lowered income taxes. ii. the clinton-greenspan policy mix: during the clinton administration the policy mix changed toward more contractionary fiscal policy and more expansionary monetary policy. a) illustrate the effect of each policy mixes on output. what happens to unemployment? b) what happened to output in 2001? how do you reconcile the fact that both fiscal and monetary policies were expansionary with the fact that growth was so low in 2002? (hint: what else happened?)