Economics Chapter 13-15

Chapter 13

Structural unemployment affects life in America in many ways. This is because it only occurs when the worker’s skills are not match with the jobs available. To me, this means that. Workers will need to gain more skills to keep the job they currently have.This can positively affect the nation because it can entice workers gain more skill so that they will keep their jobs. Will there always be structural unemployment Its impact is very important today because it helps us understand what skill are needed in the job market.

Rising prices affects life in America in a couple of ways. One of the ways America is affected is through inflation. This is one of the reasons why prices rise. To me, this means that if prices are raised too high due to inflation.. This can affect families through the way it doesn’t allow for them to purchase goods. Inflation affects the nation through they way it can negatively affect the economy. It is very important today because the over inflation of items can result in a negative consequences of the economy.

Poverty affects life in America in a huge way It affects America because it limits the economy. Poverty . To me, this means that poverty can greatly limit the economy. This can affect families through the way it limits the economy. It will no longer allow families to get the goods they need. It will limit the amount of services needed to gain money and help the economy. Poverty affects the nation through they way it lowers the economy, products produced, and services needed or provided. Some of it’s implications are that those who live in poverty help with making the economic problem in America worse. What are some ways to get rid of poverty? Why do people go into poverty in the first place?. Its impact is very important today because it is important to the problem of debt this country has.

Chapter 14

Good taxes affects life in America in few beneficial ways. Taxes that are easy to understand, efficient, and provide equity are characteristics of a good tax. To me, this means that if taxes are efficient and simple, the tax will be able to provide good economic growth. Good taxes affects the nation through they way it helps with economic stability and growth. Its impact is very important today because “bad taxes” can cause the unemployment rate to rise.

Entitlement programs affects life in America in multiple ways. This is because it helps provide benefits to people who can’t afford certain things. To me, this means that these programs help citizens who are in need of help like healthcare or social security. This can affect families through the way it helps them get certain programs that will help the overall. Entitlement programs affects the nation through they way it helps the overall benefits of the citizens. Its impact is very important and relevance today is that many people still rely on these programs to help sustain themselves.

State budgets affects life in America in a few ways. This is because state budgets allow states to distinguish which areas are more important to work upon. To me, this means that the money that states are used wisely and can help state provide more jobs and services for the employed. This affects the nation because if every state uses their budget wisely then they can help with the nation’s growth.How does corruption affect the state budget?. Its impact is very important today because it promotes wise spending for states, and to ensure the money that they are using will help the state and the nation.

Chapter 15

Federal budgets affects life in America in ____ ways. (Insert how it affects life in America). To me, this means that____________. This can affect families through the way_____________. _________ affects the nation through they way it________________. Some of it’s implications are that _____________________. What, How, Why.. Its impact is very important today because_____________. Its relevance today is that___________________.

Fiscal Policies affects life in America in a lot of ways. This is because fical policies help the government influence the economy. To me, this means that the government can help with the growth of the economy. Fiscal policy affects the nation through they way it is used to achieve economic growth, full employment, and price stability. Does the government use fiscal policeis often? Its impact is very important today because of its beneficial uses to help the economy..

Supply-Side economics affects life in America in some ways. This is because it promotes employment by reducing taxes. To me, this means that more people would want to get jobs and work more because of the lower taxes. This overall helps the economy. This can affect families through the way goods and services will be provided more due to this type of economic system. This affects the nation through they way it allows economic growth by reducing taxes Some of it’s implications are that were that of in World War II in which it was implemented and helped the country with its economic problems. Its impact is very important today because it is one of the defining features which helped us get out of the economic state the US was in pre-World War II.