About This Chapter
Fiscal Policy in Government & the Economy - Chapter Summary
Fiscal policy involves the decisions that governments make concerning taxes and spending. Monetary policy concerns interest rates and the level of money supply. Both of these can have wide effects on the economy. In this chapter, well-informed instructors explain how the United States' economy is protected and how its interests are promoted through various types of policies. When you're finished with each lesson, take the accompanying self-assessment quizzes to test your knowledge of the material. For your convenience, we've made these resources accessible on any Internet-connected device. At the end of this chapter, you should be able to:
- Define fiscal policy
- Evaluate several regulatory policy processes
- Differentiate between market and state-controlled economies
- Describe the government's promotion of economic interests
- Assess the relationship between the Federal Reserve System and monetary policy
1. 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.
2. 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.
3. 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.
4. How the Government Promotes Economic Interests
The following lesson will cover how the government promotes its economic interests through businesses, labor, and agriculture. There will be a short quiz following the lesson to check your understanding.
5. 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.
Earning College Credit
Did you know… We have over 160 college courses that prepare you to earn credit by exam that is accepted by over 1,500 colleges and universities. You can test out of the first two years of college and save thousands off your degree. Anyone can earn credit-by-exam regardless of age or education level.
To learn more, visit our Earning Credit Page
Transferring credit to the school of your choice
Not sure what college you want to attend yet? Study.com has thousands of articles about every imaginable degree, area of study and career path that can help you find the school that's right for you.
Other chapters within the Political Science 101: Intro to Political Science course
- Basic Terms and Concepts of Political Science
- Political Ideologies and Philosophy
- Forms of Government
- Electoral Systems
- The Branches of Government
- US Federal Bureaucracy
- The History & Role of Political Parties
- Interest Groups in Politics
- Mass Media and Politics
- Political Culture, Public Opinion & Civic Behavior
- Public and Social Policy
- Foreign Policy, Defense Policy & Government
- Concepts of International Relations
- Theories of International Relations
- International Actors in Political Science
- International Law in Politics
- Global Issues and Politics
- Studying for Political Science 101