Discuss the impacts of advising the president on domestic policy.

GoalYour goal is to advise the President on domestic economic policy.RoleYou are the chair of the Council of Economic Advisors (CEA) AudienceYour audience is the President of the United States.SituationThe president wants to meet with key members of the House and Senate leadership to discuss the upcoming budget and possible tax legislation. The President relies on you and the other two members of the CEA to advise him on both domestic and foreign economic matters. In this job, you will need to compile data on the economic performance of the economy. You will need to gather the latest numbers on Real GDP (economic growth), unemployment rate, and the average level of prices. The President is especially concerned about what is happening in the lives of middle and working classes. Use the Consumer Price Index (CPI) to gauge inflation. You will need to present information on the state of the economy and your recommendations in regards to fiscal policy.Product, Performance and PurposeYou will create a power point presentation in order to inform the President of the latest economic data and a general assessment of the phase of the business cycle the economy is currently in. You will then make your policy recommendations to the president within the body of the power point. Standards and Criteria for Success: The presentation will be assessed on the completeness and accuracy of your data on GDP, unemployment, and inflation. The analysis of the state of the economy (phase of the business cycle) will need to be clearly supported. Your recommendations to the President on fiscal policy should flow effectively from your analysis and also be well supported and persuasive.