Chapter 16.1, Problem 3R

To determine

To evaluate: The political factors that influence the amount of money that is spent on the goods and services by the government.

Explanation of Solution

The US economy is maintained or ruled through the federal structural government system. This affects macroeconomic conditions through policy of fiscal and monetary, and also inflation and unemployment. It revolves around by taxes and expenditure. Public policies are influenced by a variety of factors including public opinion. Through the electoral process many people and organizations seek to influence public policy by endorsing candidates and political parties. Changing public opinion is the best way to have enduring impact on public policy. It can change people's, leaders' and political party views with them.

Economics Concept Introduction

Introduction: Governance is influencing most of the social and economic sphere of our lives. All has an interest in the public policies that federal, state, and local governments have implemented.