PO101 Study Guide - Final Guide: Classical Liberalism, Unemployment Benefits, Nationstates
Document Summary
Monetary policy: interest rates: cost of borrowing money, issuing money: the more money is issued, the less money is worth, the less money is issued the more money is worth. Fiscal policy: directly implemented by central government: taxation: dependent on what is charged to people of a certain income, government spending: depends on taxes (used for education, building roads etc. ) Gdp: production of goods within a country"s borders in year. Week 10 (important for essay and compare and contrast) Conservatism: organic, inequality is accepted through a historical argument, state should preserve culture and identity. Market should be free, no government intervene. Inequality is something that we (individuals) should deal with it: welfare liberalism. Everyone"s basic needs should be met (employment insurance, health, education: neo liberalism. They go back to classical liberalism saying that we have to let the market be, but they recognize that poverty is a thing (poverty is different than inequality: atomistic.
