The Role of Government Policies in Shaping Demand and Supply
Order ID |
53563633773 |
Type |
Essay |
Writer Level |
Masters |
Style |
APA |
Sources/References |
4 |
Perfect Number of Pages to Order |
5-10 Pages |
Description/Paper Instructions
The Role of Government Policies in Shaping Demand and Supply
Government policies play a significant role in shaping the demand and supply of goods and services in a country’s economy. They have the power to influence consumer behavior, business decisions, and market trends through various policies and regulations.
Demand-side policies, also known as fiscal policies, are measures taken by the government to increase or decrease consumer spending. The government can increase demand by implementing policies such as tax cuts, increasing government spending on public goods and services, and providing subsidies to industries. By doing so, the government can encourage consumers to spend more money, which can increase demand for goods and services in the economy.
On the other hand, the government can reduce demand by implementing policies such as increasing taxes, reducing government spending, and removing subsidies. By doing so, the government can discourage consumers from spending money, which can reduce demand for goods and services in the economy.
Supply-side policies, also known as economic policies, are measures taken by the government to increase or decrease the supply of goods and services. The government can increase supply by implementing policies such as investing in infrastructure, providing subsidies to industries, and reducing regulations. By doing so, the government can encourage businesses to produce more goods and services, which can increase the supply of goods and services in the economy.
Alternatively, the government can decrease the supply of goods and services by implementing policies such as increasing regulations, imposing tariffs on imports, and limiting access to resources. By doing so, the government can reduce the production of goods and services, which can decrease the supply of goods and services in the economy.
One of the most significant government policies that can shape demand and supply is monetary policy. Monetary policy is the process by which the central bank manages the supply of money in the economy. By adjusting interest rates, the central bank can influence the level of borrowing, spending, and investment in the economy.
If the central bank wants to increase demand, it can reduce interest rates, making borrowing cheaper, which can encourage consumers to take out loans and spend more money. This can increase demand for goods and services in the economy. Alternatively, if the central bank wants to reduce demand, it can increase interest rates, making borrowing more expensive, which can discourage consumers from taking out loans and spending money. This can decrease demand for goods and services in the economy.
Additionally, the central bank can use monetary policy to influence the supply of money in the economy. By increasing the money supply, the central bank can make it easier for businesses to access capital, which can increase the supply of goods and services in the economy. Alternatively, by decreasing the money supply, the central bank can make it more difficult for businesses to access capital, which can decrease the supply of goods and services in the economy.
Overall, government policies play a crucial role in shaping the demand and supply of goods and services in an economy. By implementing policies that encourage or discourage consumer spending, business investment, and production, the government can influence the overall health and growth of the economy. It is essential for policymakers to carefully consider the potential impact of their policies on demand and supply to ensure they are achieving their desired outcomes and avoid unintended consequences.
The Role of Government Policies in Shaping Demand and Supply
RUBRIC
QUALITY OF RESPONSE |
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POOR / UNSATISFACTORY |
SATISFACTORY |
GOOD |
EXCELLENT |
Content (worth a maximum of 50% of the total points) |
Zero points: Student failed to submit the final paper. |
20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. |
30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. |
40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. |
50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. |
Use of Sources (worth a maximum of 20% of the total points). |
Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. |
5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. |
10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. |
15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. |
20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. |
Grammar (worth maximum of 20% of total points) |
Zero points: Student failed to submit the final paper. |
5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors |
10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors |
15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. |
20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. |
Structure of the Paper (worth 10% of total points) |
Zero points: Student failed to submit the final paper. |
3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. |
5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper |
7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. |
10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. |
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