About This Chapter
AEPA: Government's Role in the Economy - Chapter Summary
Confirm your understanding of the different ways the government spends tax dollars along with the major components of the federal budget with this chapter's lessons. This chapter also makes you ready for any questions dealing with government and the economy on your AEPA Political Science/ American Government exam about:
- Examples of regulatory policy legislation
- The monetary policy tools of the Federal Reserve
- How fiscal policy can be used by the government
- The effects of the national debt and budget deficit causes
- Different examples of pork barrel spending
The video lessons included in this chapter take only about 5 minutes to watch at a time, and can be viewed on computers, tablets and more. To make sure that your grip on the material is strong, take each lesson's practice quiz as you go through the chapter.
AEPA: Government's Role in the Economy - Chapter Objectives
The AEPA Political Science/American Government test is used to confirm that you have the needed subject knowledge to be an effective teacher in the state of Arizona. Just like the practice questions in this chapter, any exam questions relating to this chapter will be multiple-choice. AEPA questions based on the government's economic influences will be among the items from the test's United States and Arizona Government subarea, which takes up 58% of the test's questions.
1. Market vs. State-Controlled Economies
This lesson will highlight the differences between a market and a command economy. In doing so, it will explain communism, as well as the concept of a mixed market economy.
2. The Business Cycle: Economic Performance Over Time
Learn the economic terms that describe economic performance over time and how indicators such as unemployment and inflation behave throughout these economic fluctuations.
3. Regulatory Policy: Definition, Processes & Examples
The following lesson covers how the U.S. government uses its regulatory policy to oversee business activities. A short quiz will follow the lesson to check your understanding.
4. How the Government Protects the U.S. Economy
The following lesson will cover the ways in which the government protects the U.S. economy and ensures stable economic growth. A short quiz will follow the lesson to check for your understanding.
5. What is Fiscal Policy?
The following lesson will cover how the U.S. government uses fiscal policy to affect the economy. A short quiz will follow the lesson to check your understanding.
6. How the Government Uses Taxes & Subsidies
This lesson will explain how the government uses tax revenue. It will also discuss the purpose of subsidies, as well as public services and infrastructure.
7. Monetary Policy & The Federal Reserve System
This lesson covers the Federal Reserve System's use of monetary policy to help promote the economy. A short quiz will follow the lesson to check your understanding.
8. What is the National Budget? - Definition, History & Process
The United States budget is probably the most complicated budget created in the United States if not the world. In this lesson, you'll learn about the federal budget, its history, and the budgeting process.
9. What is National Debt? - Definition, Effects & History
National debt is the total amount owed by a government to its creditors. National debt plays a crucial role in a country's financial system. Learn about this and test your knowledge with a quiz.
10. What is a Budget Deficit? - Definition, Causes & History
Budget deficits are an important policy issue facing the United States. In this lesson, you'll learn about what a budget deficit is, its causes and its history in the United History. You'll also have a chance to take a short quiz.
11. What is Pork Barrel Spending? - Definition & Examples
Pork barrel spending is the use of federal government money towards specific projects in order to help congressmen win re-election. We'll discuss why such spending occurs and look at some examples.
12. Federal Budget: Entitlement, Defense & Discretionary Spending
$3.5 trillion is an enormous amount of money, but that's how much the federal government spends each and every year. This lesson sheds some light on just how the government does that.
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Other chapters within the AEPA Political Science/American Government (AZ006): Practice & Study Guide course
- AEPA: Political Science Terms & Concepts
- AEPA: Social Science Research Methods
- AEPA: Data Collection & Analysis
- AEPA: Political Thought
- AEPA: Major Political Thinkers
- AEPA: Comparative Government
- AEPA: World Politics
- AEPA: International Relations
- AEPA: International Law & Treaties
- AEPA: Global Issues in Political Science
- AEPA: Foundations of U.S. Government
- AEPA: The U.S. Constitution
- AEPA: Rights of U.S. Citizens
- AEPA: U.S. Legislative Branch
- AEPA: U.S. Executive Branch
- AEPA: Federal Bureaucracy
- AEPA: U.S. Judicial Branch
- AEPA: Political Parties & Elections
- AEPA: U.S. Politics (1789-1877)
- AEPA: U.S. Politics (1878-1945)
- AEPA: U.S. Politics (1946-1979)
- AEPA: U.S. Politics (1980-Present)
- AEPA: U.S. Foreign Policy
- AEPA: Media & Culture in U.S. Politics
- AEPA: Interest Groups & Lobbying
- AEPA: Federalism
- AEPA: Arizona State Government
- AEPA: Tribal Governments in Arizona
- AEPA Political Science/American Government Flashcards