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What is it? An economic crisis involving oil price shocks, inflation, and unemployment leads the U.S. president to ask his advisors for a recommendation on fiscal and monetary policy. Interest groups weigh in-middle-class unemployed, the retired, and big business-as the advisors consider the benefits of both supply-side and demand-side options. Topics include budget deficits, CPI, contractionary and expansionary policy, economic indicators, fiscal policy, government spending, GDP, inflation, interest rates, multiplier, national debt, tax, tradeoffs, and unemployment.