Question

How does the federal government regulate the econonmy for the benefit of the public? Discuss specific polocies and programs, including their effects.

Answer 1

Answer:

The Federal government essentialy tries to balance the economy: when the economy is strong, it implements policies to keep it from overheating, and when the economy is weak, it tries to boost the economy.

It also uses policy to reduce poverty, wealth and income inequality, and to promote employment.

Two specific federal policies are:

• Social Security and Medicare, which gives health insurance to poor and old people, and has the goal of reducing inequality, and helping those in need.
• Federal spending programs on infraestructure, with the goal of reducing unemployment, and improving the economy by updating American infraestructure.