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Employment
Within the past decade, the unemployment rate in the U.S has fluctuated. The American government aims at keeping the unemployment rate between 4% and 6%. In the second half of the 20th century starting in the mid 1950's, the unemployment rate was between 3% and 11%. This had to do with the Civil Rights Movement and the Women's Rights Movement that caused a rise in the employment rate when more people were getting offered more jobs, ultimately causing the economy as a whole to increase.
Stability
Stability is a macroeconomic policy that the government uses in order to keep the economy in stable condition. This policy give the citizens the confidence they need as consumers, producers, and investors; and also in finance, economic freedom, and growth. One way in which the government indicates stability is price levels. The government aims at trying to prevent sudden shifts in prices, which can put a strain on consumers with fixed incomes. Another sign of stability is the health of the nation's financial institutions. This means that the government monitors and regulates fraud, mismanagement, and sudden economic downshifts.
Economic Citizenship
Achieving economic stability and macroeconomic growth is not an easy process. The way it spends money and influences other factors such as interest rates, the government helps take care of the typical swings of the business cycle in the economy. As an American voter, the choices we make in elections will pave the way to help guide the government economic policies.
Within the past decade, the unemployment rate in the U.S has fluctuated. The American government aims at keeping the unemployment rate between 4% and 6%. In the second half of the 20th century starting in the mid 1950's, the unemployment rate was between 3% and 11%. This had to do with the Civil Rights Movement and the Women's Rights Movement that caused a rise in the employment rate when more people were getting offered more jobs, ultimately causing the economy as a whole to increase.
Stability
Stability is a macroeconomic policy that the government uses in order to keep the economy in stable condition. This policy give the citizens the confidence they need as consumers, producers, and investors; and also in finance, economic freedom, and growth. One way in which the government indicates stability is price levels. The government aims at trying to prevent sudden shifts in prices, which can put a strain on consumers with fixed incomes. Another sign of stability is the health of the nation's financial institutions. This means that the government monitors and regulates fraud, mismanagement, and sudden economic downshifts.
Economic Citizenship
Achieving economic stability and macroeconomic growth is not an easy process. The way it spends money and influences other factors such as interest rates, the government helps take care of the typical swings of the business cycle in the economy. As an American voter, the choices we make in elections will pave the way to help guide the government economic policies.
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Technological Progress and Productivity
Over the last decade, technology advancements have made the economy flourish. Because of the technological advances, the economy is able to produce more output from the same or smaller quantity of resources. Technology allows the U.S economy to operate more efficiently and productively, thus increasing the GDP and offering businesses a competitive advantage on the world. Take Thomas Edison as an example, he invented the light bulb so that there could be a longer workday, causing an immense output of production. With the updates in technology over the past two centuries, these machines have allowed the market to generate more goods in a shorter amount of time with fewer materials. The government provides us with new technology to increase innovation, which increases strength and growth in the economy.
Over the last decade, technology advancements have made the economy flourish. Because of the technological advances, the economy is able to produce more output from the same or smaller quantity of resources. Technology allows the U.S economy to operate more efficiently and productively, thus increasing the GDP and offering businesses a competitive advantage on the world. Take Thomas Edison as an example, he invented the light bulb so that there could be a longer workday, causing an immense output of production. With the updates in technology over the past two centuries, these machines have allowed the market to generate more goods in a shorter amount of time with fewer materials. The government provides us with new technology to increase innovation, which increases strength and growth in the economy.