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9 Jul 2018

Explain how the federal government promotes business, labor, and agriculture in the United States. Also, describe how the federal government uses its monetary policy as an economic management tool.

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Nestor Rutherford
Nestor RutherfordLv2
11 Jul 2018

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Related questions

Labor unions, Populists, and debtors saw in the brutal Pullman episode:
Ā 
A) Proof of an alliance between big business, the federal government, and the courts against working people.
B) A strategy by which united working-class action could succeed.
C) The need for a socialist party in the United States.
D) The potential of the Federal government as a counterweight to big business.
E) The fallacy of using labor for organizing strikes to achieve economic gains for working-class citizens.
Ā 
Ā 

A) proof of an alliance between big business, the federal government, and the courts against working people. B) a strategy by which united working-class action could succeed. C) the need for a socialist party in the United States. D) the potential of the federal government as a counterweight to big business. E) the fallacy of using labor for organizing strikes to achieve economic gains for working-class citizens.

Important policy objectives of the federal government include economic growth, high employment, price stability, and a balance in international transactions. The achievement of these objectives is the responsibility of monetary policy, fiscal policy, and debt management carried out by the Federal Reserve System, the President, the Congress, and the U.S. Treasury. Describe the responsibilities of the various policymakers in trying to achieve the four economic policy objectives.

In an effort to move the economy out of a recession, the federal government would engage in expansionary economic policies. Respond to the following points in your paper on the actions the government would take to address expansionary fiscal and monetary policies:

Expansionary Fiscal Policy:

Explain the actions the federal government would take while engaging in expansionary fiscal policy in terms of the following:

The necessary change in taxes and government spending,

The effect on aggregate demand, GDP, and employment.

Expansionary Monetary Policy:

The three tools the Federal Reserve Bank (The Fed) uses when conducting monetary policy are the required reserve ratio, the discount rate, and open market operations.

Explain the actions of the Fed in regard to the three tools.

When the required reserve ratio is increased or decreased

When the discount rate is increased or decreased

Buying or selling government securities when conducting expansionary monetary policy

Explain how these actions would affect the money supply, interest rates, spending, aggregate demand, GDP, and employment.

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