Ch 14: Economic and Fiscal Policy

About This Chapter

Watch video lessons for an engaging look at how economic and fiscal policies are developed and their role in the U.S. economy. Each lesson is followed by an online quiz, which can help you see how well you understood the presentation.

Economic and Fiscal Policy - Chapter Summary and Learning Objectives

Gain an understanding of economic and fiscal policy through a series of video lessons taught by knowledgeable instructors. From the establishment of regulatory policies to how they're utilized by the U.S. government in managing the economy, you'll get an overview that includes definitions and examples. By the end of this chapter, you should be able to:

  • Discuss what regulatory and fiscal policies are
  • Explain how the U.S. government uses these policies to benefit the national economy
  • Describe the business cycle
  • Describe the work of the Federal Reserve system

Videos Objective
Regulatory Policy: Definition, Processes & Examples Discuss the goals and justifications of regulatory policy, as well as the process of policy development and potential political conflicts.
How the Government Protects the U.S. Economy Describe how economic and regulatory policies are used as tools.
The Business Cycle: Economic Performance Over Time Identify the parts of the business cycle, and evaluate its relationship to economic growth.
How the Government Promotes Economic Interests Discuss how the government uses monetary and fiscal economic policies to support business, labor and agriculture.
What is Fiscal Policy? Define fiscal policy, identify examples as used by the U.S. government, and rate its effectiveness.
Monetary Policy & The Federal Reserve System Define monetary policy and its use, and describe the Federal Reserve system, pointing out how they work together.

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