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Technically, there are no direct limitations. The government can double the money supply, quadruple taxes, or even block international trade. The internal checks and balances comes from the bicameral system and the nature of multi-party politics. If one party suggests something absurd, like mentioned above, they can be balanced by the other party. Also there are external institutions such as the Federal Reserve (there are 12 banks across the country in NY, SF, etc.) and the Treasury that also play roles in economic policy. Most policy is reactive rather than proactive, which means that it can take up to 2 years to solve a problem, which is also a limitation.
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What is the government's role in the economy?
This answer is that the governments role is very little
How do most governments play a role in the economy?
Answer They promote a stable economy.
What is the government's role in the Traditional economy?
This answer is that the governments role is very little
What is the governments role in the economy of US?
Governments help ensure that the economy continually grows. A growing economy means that fewer people rely on government assistance to survive.
Opportunity costs of a greater government role in the economy?
no control for the businesses so they have to pay for higher expectations and limitations.
What is the governments role in the traditional economy?
This answer is that the governments role is very little
What is the government's role in the economy?
This answer is that the governments role is very little
How do most governments play a role in the economy?
Answer They promote a stable economy.
What the government role in the traditional economy?
This answer is that the governments role is very little
What is the government's role in the Traditional economy?
This answer is that the governments role is very little
What is the governments role in the economy?
To conduct or control the affairs of the country..
What is the governments role in the economy of US?
Governments help ensure that the economy continually grows. A growing economy means that fewer people rely on government assistance to survive.
How did John Maynard view governments role in the Economy?
He advocated a strong role of government in managing the economy by adjusting spending levels and tax rates.
How did Wilson's agenda further expand the governments role in the economy?
chop salad
What steps did woddrow Wilson take to increase the governments role in the economy?
The creation of the Federal Reserve System were the steps taken by Woodrow Wilson to increase the governments role in the economy. He also promoted an anti-trust law.
What is the governments role in a centrally planned economy?
In a centrally planned economy, the government is completely in charge of the economy. There is no reward for individual hard work. The government tells everyone what to do.
Opportunity costs of a greater government role in the economy?
no control for the businesses so they have to pay for higher expectations and limitations.
