Overview
Using material from the Commanding Heights video and at least one additional source, write a 750-1000 word reaction paper for Episode 2. Provide a summary of the episode and discuss the main ideas presented. Then, include a personal reflection to the ideas shown in this episode. Consider the following questions as you write your reflection.
- What have you learned about the effects of government-imposed price and wage controls, of deficit spending, trade tariffs, and subsidies?
- What have you learned about the government’s use of fiscal policy versus the Federal Reserve’s use of monetary policy in promoting economic growth?