Case study business 101

A nation that has moderate levels of government involvement in business and has very low levels of government regulation on individual freedom

A mixed economy

Because the United States economy is currently experiencing a recession, and fiscal and monetary policy can be used to alter the economy, what do you recommend in order to stimulate the economy?

A mixture of decreasing taxes, increase in government spending, lowering the interest-rate, and increasing the money supply

What types of information would be the key to determining the health of the economy?

GDP, CPI, and unemployment rate

United States

Mixed economy

The GDP this year

Recession

If a country has relatively high levels of government involvement in regulation which economy types might this indicate

Socialist or communist

What information would one use to determine the type of economic system that a country has?

The information needed would be the breakdown on who owns the businesses in the country and how much control the government has upon business regulation, taxes, etc.

The United States Follows the Keynesian economic theory, so which major actions do you think should be taken in order to stimulate the economy?

Use a mixture of fiscal and monetary policy techniques