Tutor profile: Kaylee N.
Subject: Study Skills
What is one way to ensure you perform well for your exam?
Relax the night before an exam. If you study early, then you can relax and lightly review the night before an exam. You’ll definitely be in a better testing state if you have a full night’s sleep the night before.
Subject: Public Policy
What are the reasons for government involvement?
Political context– Discrimination civil right 1964. Moral or ethical context– to liberate people and promote growth and democracy (war in Iraq). Economic and market failure - The government tries to combat market inequities through regulation, taxation, and subsidies. Governments may also intervene in markets to promote general economic fairness.
Which of the following actions can the Federal Reserve take to reduce inflationary pressures in the United States?
One popular method of controlling inflation is through contractionary monetary policy. The goal of a contractionary policy is to reduce the money supply within an economy by decreasing bond prices and increasing interest rates. This helps reduce spending because when there is less money to go around, those who have money want to keep it and save it, instead of spending it. It also means less available credit, which also reduces spending. Reducing spending is important during inflation because it helps halt economic growth and, in turn, the rate of inflation. Furthermore, There are three main ways to carry out a contractionary policy. The first is to increase interest rates through the Federal Reserve. The Federal Reserve rate is the rate at which banks borrow money from the government, but, in order to make money, they must lend it at higher rates. The second method is to increase reserve requirements on the number of money banks are legally required to keep on hand to cover withdrawals. The third method is to directly or indirectly reduce the money supply by enacting policies that encourage the reduction of the money supply.
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