ECON 0110 Lecture Notes - Lecture 1: Veto, Full Employment, Externality
Document Summary
Examines the behavior of individual consumers, workers, firms and industries. Examines the behavior of the overall us economy. 1945 ww2 ends 1946 tons of tons of people working in defense industry and. It is the continuing policy and responsibility of the federal government to use all practicable means to promote maximum employment, production, and purchasing power tons of soldiers over in asia and europe. Tons and tons of men and women looking for a job while people are getting laid off back at home. Smooth path right up or grow rapidly without declining and repeating. Keep the inflation rate low and maximum purchashing power of the dollar. We do not argue that local or state governments should get involved. Federal-try to improve the over state of the economy, infrastructure: fiscal policy: refers to taxing and spending by the federal government.