daily business slides

1. Thursday, January 9th, 2020 Agenda for the Day:
Good Afternoon! Get your Civics books
and be ready go when the bell rings!
First, we’ll be reading 21.3,
“Government’s Role in the US
Economy,” in our Civics books, pgs.
565--569, as part of the “US Economy
& the World” emphasis of chapter 21.
Second, we’ll have until 2:15 to work
on our Shark Tank products,
presentations, and pitches!
Third, we’ll be watching & taking
notes on a couple entrepreneurial
pitches on “Shark Tank” and taking
notes, as we lead in to...
Fourth, Shark Tank Presentations! We
will begin presenting our product
pitches and presentations on Tuesday
the 21st – and we will have our final
chapter test on chapter 21 on
Skyward, on Friday, January 24th.
6th Period Business 12:50—2:30

2. CIVICS IN PRACTICE
HOLT
HOLT, RINEHART AND WINSTON‹#›
Section 3: Government’s Role in the U.S Economy
The Main Idea
The government affects the economy through regulation
and through fiscal and monetary policies. Proper use
of these tools helps keep the economy functioning
more smoothly and effectively.
Reading Focus
 What are the goals of government regulation?
 How is fiscal policy used to influence the economy?
 How does the Federal Reserve use monetary policy
to influence the economy?

3. CIVICS IN PRACTICE
HOLT
HOLT, RINEHART AND WINSTON‹#›
Goals of government regulation:
 Protect workers—Equal Employment Opportunity
Commission, Occupational Safety and Health
Administration
 Protect consumers—Food and Drug Administration,
Consumer Product Safety Commission
 Limit negative effects—Environmental Protection
Agency
 Encourage competition—regulations to ensure fair
competition
Section 3: Government’s Role in the U.S Economy

4. CIVICS IN PRACTICE
HOLT
HOLT, RINEHART AND WINSTON‹#›
Fiscal policy is used to influence the
economy.
 Taxes—lowering taxes creates spending money, aids
business, and leads to new jobs; raising taxes slows
growth and lowers prices; tax incentives encourage
business investments
 Government spending—increased spending raises
demand and creates jobs; decreased spending
reverses effects
Section 3: Government’s Role in the U.S Economy

5. CIVICS IN PRACTICE
HOLT
HOLT, RINEHART AND WINSTON‹#›
Fiscal policy is used to influence the
economy. (continued)
 Public transfer payments—government funds enable
poor and unemployed to continue spending
 Timing—economic forecasts used to time fiscal
policy changes
Section 3: Government’s Role in the U.S Economy

6. CIVICS IN PRACTICE
HOLT
HOLT, RINEHART AND WINSTON‹#›
The Fed influences the economy:
 Monetary policy determines the amount of money
available in the economy.
 Open-market operations—securities are bought or
sold to contract or expand money supply
 Discount rate—interest rate charged to banks is
lowered to expand the economy, raised to slow
growth; banks borrow more when rate is low
Section 3: Government’s Role in the U.S Economy

7. CIVICS IN PRACTICE
HOLT
HOLT, RINEHART AND WINSTON‹#›
The Fed influences the economy: (continued)
 Reserve requirement—lowered to expand the
economy, raised to slow growth; banks lend more
when reserve is low
 Timing and monetary policy—changes take time to
affect economy
Section 3: Government’s Role in the U.S Economy

8. CIVICS IN PRACTICE
HOLT
HOLT, RINEHART AND WINSTON‹#›
Question: What are the four main economic
goals of government regulation?
SECTION 3
Government
Regulation
protect
consumers
encourage
competition
limit negative
effects
protect
workers
Four Main Goals of Government RegulationFour Main Goals of Government Regulation