Week 13 Blog
After reading this chapter I see that building and maintaining a good economy with a steady working economic policy is very complicated. It takes many different parts of government to make it run and there is different money involved. In our economy uses taxes, fiscal policy, monetary policy and regulation to make it all work. The way all of this fully works is still a little confusing to me as the chapter has so much information, but I know that these thing keep the money moving in our economy.
After doing some research on the economy and economic policy, and getting many results, due to the recession, I see that a lot outside of our own government affects our economy as well. Things that are happening around the world with countries that we import and export to affect our economy as well. Some of these things is obviously gas, as well as food, and material products. Currently a war over seas in Libya is affecting our gas prices, or weather affecting the crops of food that we buy.
After doing some research on the economy and economic policy, and getting many results, due to the recession, I see that a lot outside of our own government affects our economy as well. Things that are happening around the world with countries that we import and export to affect our economy as well. Some of these things is obviously gas, as well as food, and material products. Currently a war over seas in Libya is affecting our gas prices, or weather affecting the crops of food that we buy.
The double natural disasters that hit Japan will have some sort of impact on the US and our economy. However, only 6 percent of our exports and imports are to and from Japan, so even though we will be affected, it will not be that much. According to 9 news the conflicts in the Middle East will have much more impact on us than Japans natural disasters.
Below is a link to a cartoon that I found that was regarding Natural disaster and wealth and power.
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