Ch 10: Federal Government & the Economy

About This Chapter

Learn about the connections between federal government policy and spending and the economy with these video lessons and quizzes. Get definitions of national debt and national budget and see how government spending is decided.

Federal Government & the Economy - Chapter Summary

These video lessons offer information about market and state-controlled economies and how each function. You will examine how economies perform over time and see examples of regulatory policies. Our instructors will also explain ways the government protects the national economy.

Other lessons explore fiscal policy, monetary policy and the Federal Reserve System. You'll see how the national budget is developed, look at national debt and find out how the government spends our money. After completing all the lessons in this chapter, you should be set to:

  • Explain the business cycle
  • Give examples of regulatory policies
  • Define fiscal policy
  • Show how the government uses subsidies and taxes
  • Describe the process of developing a national budget
  • Name some causes of budget deficit
  • List some types of government spending and explain what percentage they are of the budget as a whole

Our instructors have designed these brief lessons to be engaging and informative. Most use examples to clarify their teachings, and you can check your knowledge with the quizzes at the end of each lesson. Written transcripts, which highlight key terms in bold, are included as well.

12 Lessons in Chapter 10: Federal Government & the Economy
Test your knowledge with a 30-question chapter practice test
Market vs. State-Controlled Economies

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.

The Business Cycle: Economic Performance Over Time

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.

Regulatory Policy: Definition, Processes & Examples

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.

How the Government Protects the U.S. Economy

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.

What is Fiscal Policy?

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.

How the Government Uses Taxes & Subsidies

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.

Monetary Policy & The Federal Reserve System

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.

What is the National Budget? - Definition, History & Process

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.

What is National Debt? - Definition, Effects & History

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.

What is a Budget Deficit? - Definition, Causes & History

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.

What is Pork Barrel Spending? - Definition & Examples

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.

Federal Budget: Entitlement, Defense & Discretionary Spending

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.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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