https://padlet.com/camryn_pierce/osqt84g7ek61 Made with an aura of mystery en-us 2018-01-30 12:38:11 UTC 2018-01-30 12:41:28 UTC hello@padlet.com camryn_pierce https://padlet.com/camryn_pierce/osqt84g7ek61/wish/226040162 As candidates, politicians often set out economic plans, actions they want to take to improve some sector of the economy. The amount of influence they can actually have as lawmakers, however, varies widely. There are many ways that federal government actions influence the economy, from what programs money is spent on to how revenue is raised and taxes are assessed to how much debt is carried and how much money and credit is available to borrowers. Many Americans disagree on what role the government should play in managing the economy. Our modified free enterprise system, sometimes called a mixed economy, means that the control over the economy is divided between government and the private sector. Yet most Americans expect the federal government to play a significant role in moderating the economy’s ups and downs and in promoting economic growth.]]> 2018-01-30 12:38:46 UTC https://padlet.com/camryn_pierce/osqt84g7ek61/wish/226040162 camryn_pierce https://padlet.com/camryn_pierce/osqt84g7ek61/wish/226040921 In the narrowest sense, the government's role in the economy is to help correct market failures, or situations where private markets cannot maximize the value that they could create for society.  This includes providing public goods, internalizing externalities, and enforcing competition.  That said, many societies have accepted a broader role of government in a capitalist economy. While consumers and producers make most decisions that mold the economy, government activities have a powerful effect on the U.S. economy in at least four areas.

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