The U.S and the world economy like everything else have its ups and downs. The government plays a crucial role in deciding how the economy will set over time. An Economist by the name of John Maynard Keynes felt that if either inflation or unemployment got out of hand, the government could adjust the business cycle to balance the economy. Keynes was more geared toward the bigger picture and focused on macroeconomics. His work …
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showed last 75 words of 1636 total
…should be no problems. Bibliography Bibliography Coggins, B (1998). Does Financial Deregulation Work. Northhampton, Massachusetts: Edward Elgar Publishing. McConnell,C & Brue,S (1998). Economics (fourteenth edition). New York: Irwin McCgraw-Hill. Moore, S (1999, february 22). Beware Fiscal and Regulatory Drag . [On-Line]. Available: http://www.cato.org/dailys/02-22-99.html. Thierer, A (1999). The Regulation Home Page. [On-Line]. Available: http://www.regulation.org/. Vietor, R (1994). Contrived Competiton; Regulation and Deregulation in America. Cambridge, Massachusetts: President and Fellows of Harvard College.