American Democracy Now, 2nd Edition (Harrison)

Chapter 15: Economic Policy

Learning Objectives

Having studied this chapter, students should be able to do each of the following:

1. Describe government's role in the health of the economy.
2. Describe measures of economic health.
3. Identify sources of revenue for the federal government.
4. Differentiate between mandatory and discretionary spending.
5. Outline the federal budget process.
6. Summarize concerns about deficit spending and national debt.
7. Describe monetary policy and the Federal Reserve system.
8. Explain the goal of government regulatory policy.
9. Compare free trade policy with protectionist trade policy.
10. Assess the status of the American dream in today's economy.