American Democracy Now, 2nd Edition (Harrison)

Chapter 15: Economic Policy

Chapter Summary

This 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