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Economic Public Policy

Teacher: Ms. Jeffery
Horizontales
Reviewing whether the policy worked and what the consequences of the policy were.
Identifying the social and economic problems and redefining them as political issues to rank in order of importance
Putting the policy in effect by using the appropriate agency
Belief that the government should not become involved in economic issues, and that the narrow pursuit of individual profit serves the broader interests of society
Capitalist free-market systems in which both government and private industry play a role
Verticales
School of economic thought that states that the government should cut taxes and spending on domestic programs to stimulate greater production
When many pieces of legislation deal with parts of policy problems but never deal with the entire problem.
Funds raised by borrowing rather than taxation
Refers to the process by which government controls the supply of money in circulation and the supply of credit through the actions of the Federal Reserve Board