study guide 2

2 Pages
Unlock Document

Political Science
CAS PO 111
Graham Wilson

Review Economy • keynes- fiscal policy o taxation and government spending o cutting taxes is not as efficient as government spending because when people get their taxes cut they get more income but they don’t spend it o in a recession you don’t want an increase in taxes, you have to borrow the money in the short term and you use that money o easier to start than stop • monetarists- monetary policy o adjusting the nation’s money supply/interest rate o ability to borrow  consumers can borrow (credit cards)  business can finance capital expansions more cheaply if interest rate is lower  so lower interest rate o selling/buying of bonds, overnight borrowing rates  if there’s less money interest rates go up  price of bond inversely related to interest rate • high interest rate is bad for the economy, they should be buying bonds Single-Payer System • insurance in general: you get a group of people who all pay in and then when something bad happens you get money • one pot for both healthy and sick people- healthy have to pay in more to cover sick people o healthy subsidize the ill, can no longer forcibly exclude high risk people o same amount of care • a game of exclusion- single payer system gets rid of that • upside is that sick people can actually get care • essentially a government run program • OBAMACARE IS NOT A SINGLE PAYER SYSTEM Policies can effect politics and vice
More Less

Related notes for CAS PO 111

Log In


Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.