USA National Standards for Concept "Fiscal Policy"
National Standard Number: 16
There is an economic role, such as provide for national defense, address environment concerns, protect property rights, and make market more competitive, for government in a market economy whenever the benefits of a government policy outweigh its costs.
Online lessons on US Standard 16 from the National Council on Economic Education Website.
National Standard Number: 20
Federal government budgetary policy and the Federal Reserve System's monetary policy influence the overall levels of employment, output, and prices.
Online lessons on US Standard 20 from the National Council on Economic Education Website.
