Why the worst may still be ahead.

Looks at what Reagan and economic policymakers must do to stabilize the economy and how they are beginning to take action. What needs to be done. By J. Egan & R.J. Shapiro, et al. INSETS: The last line of defense (Role of Alan Greenspan &Federal Reserve Board); A Model of discretion (Paul Volcker). See also (*Newsweek, 11/9, 4c, 1 graph, p24, 5p) See also (*Time, 11/9, 7c, 1 illus, p18, 4p) See also (*Business Week, 11/9, 2c, 3 graphs, p32, 3p)