Economic Growth(70 pts)The government uses policies like student loans and free trade to influence...

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Economic Growth(70 pts)The government uses policies like student loans and free trade to influence the economy’s growth rate. In XXXXXXXXXXwords, identify at least four policies from the textbook that the government has created to impact economic growth and productivity. In your paper, please also evaluate whether each item has enhanced or diminished your quality of life, and make any appropriate recommendations that might improve the policies. 
	
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Economics Assignment
 

In an economy most of the decisions are taken by the producers and consumers of a particular 
product and in total of all the products in an economy, but the government plays an important 
role in the economy that regulates the entire market. The government undertakes various 
decisions and formulates various policies that have an impact on the common people of the 
country. The various types of economic policies that government formulates are fiscal 
policies and monetary policies. The monetary policies have an impact on the country’s 
monetary or money supply through various devices mainly the interest rates. Monetary policy 
is formulated by the country’s central bank independent of the influence of the President. The 
fiscal policies are policies formulated by the government to charge a tax and spend on the 
development of the public in order to achieve the goals of the economy and the government 
of that country. The various monetary policies try to control the supply of money and credit 
in order to decrease or increase the level of the country’s business.  Certain policies of the 
government expand the assistance provided through such policies or hinder & reduce the 
economic growth. The government develops various programmes to provide valuable goods 
such as education and infrastructure. With various governments’ efforts to increase it’s 
spending which would increase the growth of the economy and also increase the amount of 
money which is being placed in an individual’s pocket. (About.com)
Taxes: The fiscal policies comprises of the policies related to taxes that is either increasing or 
decreasing the amount of taxes charged from the general public. If the amounts of taxes are 
increased then money is being taken out of the circulation as well as its impact should also be 
studied. That is which section of the society is being affected comprises of the upper class, 
the middle class, the working class of the society or the lower section of the society. With 
increase in the amount of taxes there is a reduction in the total spending, the economic 
growth and the inflation.
Trade Agreements: Free trade agreements (FTA) are referred as an arrangement between 
two or more countries under which they have agreed to eliminate or reduce the amount of 
tariff and non-tariff on trade of the goods between them.

Economic Growth (70 pts) The government uses policies like student loans and free trade to influence the economy’s growth rate. In XXXXXXXXXXwords, identify at least four policies from the textbook...

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