Read the following statements and answer True False or Uncertain to each with a very brief justification for your answers.

1. The major reason the Great Depression and the recession of 2007 to 2009 differed in intensity and duration was the difference in money-supply behavior in the two episodes.

2. The reason that the recoveries from the Great Depression and the recession of 2007 to 2009 were so sluggish and so protracted is that faulty government policie were followed in both.