Author Question: Discuss the two major economic worries faced by American politicians, unemployment and inflation, ... (Read 74 times)

bb · **on:** Jul 10, 2018

Discuss the two major economic worries faced by American politicians, unemployment and inflation, and the options available to address them.

Answer:

Question 2

Discuss some of the key areas of government regulation, and describe three major regulations and/or agencies that have been put in place.

Answer:

nixon_s · **Reply #1 on:** Jul 10, 2018

Answer to Question 1

An ideal response will:
1. Discuss the two philosophies for addressing these problems, which are monetary policy and fiscal policy.
2. Explain how managing the money supply affects the level of inflation in the economy, and explain how increasing/decreasing taxes and government spending levels affects unemployment.

Answer to Question 2

An ideal response will:
1. Discuss the notion of economic regulation in general, which involves efforts to minimize abuses and promote competition.
2. Illustrate knowledge of some of the key regulatory sectors discussed in the textbook, including labor, the stock market, and the environment.
3. Specify and explain three of the most important regulations, including the Occupational Safety and Health Act, the Securities and Exchange Act, and the Clean Air and Water Acts.