I need it for 2 hours. I need just respond that no less the 150 words. The Role of Government in Economics Discussion The most important role of the government in economics discussion is to ensure the growth as well as the stabilization of the country`s economy. The government therefore guides the pace of the economic activities in an attempt to maintain a steady growth, a high level of employment as well as price stability. Tax rates adjustment of or managing the money supply as well as management of the use of credit by the American government can either see the rate of growth of the economy speed up or slow down, and in the process this greatly would have an effect on the price levels and the rate of employment. The government should be more involved in the regulation of some of the issues such as health care, mortgage industry, financial services industry, minimum wage laws as well as the agricultural price supports. Failure in the government involvement would lead to major consequences having an adverse impact on the nation (Chang p.47). The level of employment would greatly nosedive hence leaving so many people unable to meet their daily needs. The economy of the country would massively deteriorate and in return have very high taxation rates. The level of the overall prices would shoot up hence straining quite a big number of people, the government would be forced to borrow and the congressional gridlock over the debt limit would show a significant uncertainty in the bond markets and as well place upward pressure on interest rates, and in return these rising rates would divert the taxpayers money away from the federal investments such as education, health care and infrastructure among other areas. As mentioned by President Obama, the Democrats as well as the Republicans should therefore actively discuss the proper role of the government in the economy.

I need it for 2 hours. I need just respond that no less the 150 words. The Role of Government in Economics Discussion The most important role of the government in economics discussion is to ensure the growth as well as the stabilization of the country`s economy. The government therefore guides the pace of the economic activities in an attempt to maintain a steady growth, a high level of employment as well as price stability. Tax rates adjustment of or managing the money supply as well as management of the use of credit by the American government can either see the rate of growth of the economy speed up or slow down, and in the process this greatly would have an effect on the price levels and the rate of employment. The government should be more involved in the regulation of some of the issues such as health care, mortgage industry, financial services industry, minimum wage laws as well as the agricultural price supports. Failure in the government involvement would lead to major consequences having an adverse impact on the nation (Chang p.47). The level of employment would greatly nosedive hence leaving so many people unable to meet their daily needs. The economy of the country would massively deteriorate and in return have very high taxation rates. The level of the overall prices would shoot up hence straining quite a big number of people, the government would be forced to borrow and the congressional gridlock over the debt limit would show a significant uncertainty in the bond markets and as well place upward pressure on interest rates, and in return these rising rates would divert the taxpayers money away from the federal investments such as education, health care and infrastructure among other areas. As mentioned by President Obama, the Democrats as well as the Republicans should therefore actively discuss the proper role of the government in the economy.