Notes on Economic Video Recession - inadequate demand. (Not enough people buying) What Causes recession? Times when inflation starts to occur. (When prices are rising, getting out of control.) The government tries to combat this by making money scarce and by raising taxes and by cutting government spreading. Fiscal policy vs. monetary policy: There are 2 main ways the government has to improve the economy. Fiscal Policy: Occurs when the administrative and congress are involved and …
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showed last 75 words of 385 total
…conservatives. To lessen the chances of another depression from happening again - we have built in stabilizes like FDIC, social security, welfare payments, and unemployment insurance. Chief problem facing the U.S in global market place is to make the American workers more productive and complete more effectively. We need to educate and train our people in forming, factories, offices and laboratories - where Americans work to make better products for the global market place.