American Democracy Now (Harrison), 3rd EditionChapter 16:
Economic PolicyChapter SummaryThis chapter focuses on economic policy, which considers the following:
- The nature of the American economy and the use of economic policy tools
- The American dream and economic prosperity
- Various economic theories and the government's approach to creating a healthy economy
- The data used to measure economic health
- Fiscal policy approaches of Congress and the president and the impact of these policies on the economy
- The goals of monetary policy and the function of the Federal Reserve System
- The government's regulatory policy to prevent market failure
- Trade policy in the global economy, both past and present
- An assessment of the U.S. economy and the failure of more and more people to achieve the American dream and financial security
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