Around 1980, the US had both a high inflation rate and a high inflation rate - both were above 10%. Which policy would be more effective at bringing down both the inflation rate and the unemployment rate at the same time: fiscal policy, monetary policy, or supply- side policy? To earn full credit on this question, your answer must discuss each of the three types of policy and explain how effective each would be at reducing both inflation and unemployment. Your explanation must be in terms of Aggregate Demand-Aggregate Supply, and your explanation must include identification of one or more specific fiscal policy actions, monetary policy actions, and supply-side actions. . Fiscal policy effectiveness at reducing both high unemployment and high inflation: 5 points . Monetary policy effectiveness at reducing both high unemployment and high inflation: 5 points . Supply-side policy at reducing both high unemployment and high inflation: 10 points . identification of policy that is most effective at reducing both high unemployment and high inflation: 5 points