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Literature & Language
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Economic Policy: Private Businesses and Government (Research Paper Sample)

Instructions:

After careful consideration and review, answer one of the following four options thoroughly and completely (take care,there are multiple parts). For your answer, you are expected to draw from lectures, the textbook, supporting documents,class discussions, and your own research and knowledge. You should also consider not only the structure andmechanics of the US Government, but its various inputs, outputs, and influences. Your answer must be coherent,logical, and factually correct. You will be graded on the thoroughness and logic of your answer, as well as thepresentation and flow of your argument. Minor grammatical and spelling errors will not detract from your grade, butshould be kept to a minimum. This final exam must be typed, double-spaced, and have 1" margins.There is no expectation or limit on the length of your exam, per se. You will be graded on quality, not quantity. Focuson the quality, and the quantity (length) will take care of itself. Focusing on the length of your answer is the wrongmetric. This final exam is due NO LATER than May 19th, 2017 at 11:59pm. Because course grades must beturned in, no late final exam can be accepted. Final course grades will generally be available 3 weeks after you’veturned in your final exam and your research project.===========================================OPTION #1- The 2016 ElectionsIn this class, you have learned a great deal about the election cycle, interest group politics, and Federal elections ingeneral. You have learned about candidates, campaigns, policy platforms, party politics, style, publicity, money,stumping, the media (and its positive and negative elements), debates, polls, interest groups, conventions, primaries,caucuses, the Electoral College, and inaugurations (to name just a few).In November 2016, Donald Trump was elected President of the United States with 306 electoral votes. Heaccomplished this (in part) by winning traditional Democratic states such as Pennsylvania, Michigan, and Wisconsin.He also won against the prognostications of most of the media and political analysts who wrote him off.Using everything that you’ve learned in this course, explain in a detailed essay your analysis of why Donald Trumpwon. I’m not interested in your personal politics, so leave that out of your answer. I don’t care if you think he’s thegreatest, and I don’t care if you think the world is ending. I want a dispassionate and objective analysis (regardless ofyour personal politics). Stated simply: Put your politics aside, be an analyst, and explain why he won.There are obviously thousands of different details you can go into. As such, I will look for creative answers that reflectan overall knowledge of US Politics and elections from this course.. So long as you demonstrate good logic in yourargument, you’ll do fine. However you decide to answer, have fun and be creative, and show me that you understandU.S. Presidential Elections.

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Economic Policy
The United States global economic goals are numerous. Notably, the main ones are centered on achieving desirable societal outcomes, namely prosperity, growth in jobs, environment protection, increase in home ownership, innovation and science, as well as entrepreneurialism among others (McKinney (a) 2). To measure these goals, the state uses some performance indicators, such as inflation, growth in the economy; debts affiliated elements, and changes in educational sector. Apart from that, these goals are evaluated by institutions that are responsible for the economic policy, such as the Federal Reserve, Treasury, and the Office of Management and Budget among others. Noteworthy, the evaluation is made on an annual basis.
The United States is not a free market economy since it is characterized by government interference and regulations. The free market economy usually exists without any interference in the private businesses made by the government, which is not the case in the United States. The US authorities affect the economic affairs and influence the public sector (Bostaph 207). The interference of the government in private and public sectors is made through numerous laws and regulations. While the Executive power and Congress make these policies and decisions, the courts, states, and municipalities ensure that they are properly implemented.
The benefits of government interference are centered on the main objectives of the laws and regulations. Essentially, through these laws and policies, the quality of products and services is ensured (McKinney (b) 12). Government also prevents malpractices made by the organizations such as the irregular alteration of the market prices. However, such interferences have its downsides. Such include the protocols that affect the work of private sector. Abiding by these regulations is also time-consuming and expensive. Considering an example of “the law of unintended consequences,” it is when an organization decides to introduce new technology to increase the efficiency of operation. However, due to the resistance to change, a company records more losses and poor quality goods and services.
Fiscal policy is defined as the manner in which the government alters the tax rates and spending levels aimed at influencing the economy of the nation. Such policy shapes the economy in a positive way through monitoring the public spending while reducing the tax levels, which mitigate inflation.
Monetary policy is described as the management of liquidity made by the central bank, which is centered on creating economic growth (McKinney (b) 6). Liquidity represents the amount of money in supply, such as loans, mortgages, and bonds. The positive effect of this policy on an economy is based on managing inflation while reducing unemployment.
Keynesian spending is described as the method that the government use to fill the demand gap if the economy is negatively affected. However, after stabilization, the authorities increase the taxes to cater for the deficit. The supporters of this approach state that it is the best tool that helps the economy recover after the recession (McKinney, (b) 7). Critics, on the other hand, suggest that the multiplier cannot materialize as the government can waste ...
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