Implementation of the affordable care act

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As we have briefly discussed earlier in the course, fiscal policy and monetary policy are the two most commonly used tools for influencing a nation's economy. Monetary policy is concerned with the management of interest rates and the supply of money in circulation, as reflected in the policies of the Federal Reserve Bank in the U.S. Fiscal policy is refers to the taxing and spending actions of government, such as the programs and budgetary considerations of Congress and the President and Executive Branch. An example of fiscal policy would be increasing spending on the military or the implementation of the Affordable Care Act (AKA Obamacare). An example of monetary policy would be to reduce interest rates so that more people take out loans and presumably spend money, rather than keep it in a bank in which inflation would outpace the interest gained. The economy has gotten better than it was after the major market correction and recession of 2007-2008, but a lot of people do not consider it to be 100%. 1) Do you think the market is doing well now or does it need improvement? 2) Regardless of how you answer number 1, what kind of action (fiscal or monetary) do you think the government could take now to best improve the economy from where it is today?

Reference no: EM131161154

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