What role do government organizations play in the economic environment? Federal,

Question

What role do government organizations play in the economic environment? Federal, state, and local government organizations fulfill several roles within the economy. Which of the following are roles provided by government organizations? Check all that apply. Acting as a consumer of goods and services Employing consumers Providing essential private services The principal tools used by government organizations to constrain the activities of businesses and consumers are O Enacting monetary policy and fiscal policy O Initiating negative social media campaigns and enacting regulations In overseeing the economy, the goals of the federal government are economic and a high level. The two principal policy tools that the federal government uses to manage economic conditions are monetary policy and fiscal policy. business activity levels in the economy. In contrast, do the same. is used to control the size of the money supply to stimulate or moderate uses government spending and taxation to

Explanation / Answer

Answer 1:

i.Option A and option B. Government organizations acts as a consumer of goods and services.Government also employs consumers.

ii. Government enacts monetary and fiscal policy to constrain the activities of business and consumers.

iii. Economic growth and a high welfare level

iv. Monetary policy is used to control the size of money supply in the economy and fiscal policy uses government spending and taxation to do the same.

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