Chapter 16: Government and Economy
Chapter Outline
Why Is Government Involved in the Economy?
- Managing the Economy
- Protecting the Welfare and Property of Individuals
- Regulating Competition
- Providing Public Goods
Should Government Be Involved in the Economy?
- Laissez-Faire
- Keynesians
- Monetarists
What Are the Goals of Economic Policy?
- Promote a Strong and Stable Economy
- Promote Business Development
- Promote International Trade
- Regulate Industrial Relations
- Protect the Environment
- Protect Consumers
What Are the Tools of Economic Policy?
- Monetary Policies
- Fiscal Policies
- Regulation and Antitrust Policy
- Subsidies and Contracting
The Politics of Economic Policy Making
Thinking Critically about Economic Policy and Inequality
What You Can Do: Assess the Impact of Economic Policies
Section Menu
Organize
Learn
Connect
- Interactive Politics Simulation
- You Decide Exercise
- Questions for Discussion and Thought
- What Government Does Exercise
- Get Involved Exercise
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