Which monetary and fiscal policies would you recommend in addition to any "direct controls" as mentioned in the textbook and discussed over the last days in class? First list "where" the U.S. economy is at in regard to the trade balance, price stability, economic growth and employment. (5 pts) Second, explain your recommendation for monetary policy and its expected effect on the economy. (3 pts) Third, explain your recommendation for fiscal policy and its expected effect on the economy. (3 pts) Next, make sure you have explained how your overall policies will affect today's trade balance (starting with whether you listed a trade surplus or deficit in the list above. (2 pts) Finally, what kind of direct controls did President Nixon in 1971 use to deal with his perception of the situation the economy was in? (2 pts)