read and answer due 4/15

SPEA V181 – Shawna Girgis, Instructor

Public Policy Lecture Feedback & Response Assignment #10

Lecture Review: Economic and Budgetary Policy & Response to Guest Speaker

Student Name: Date:

Economic & Budgetary Policy (Chapter 7, Public Policy by Kraft & Furlong)

1. Define economic policy.

2. Why is economic policy such an important policy issue in the United States?

3. What are the goals of economic policy in the United States?

4. Why is a positive balance of trade important for the United States economy? What recent policies by the Trump administration are addressing this issue? How might these policies benefit citizens? How might these policies negative impact citizens/

5. What is the difference between the federal deficit and debt?

6. What are the policy options for reducing the federal deficit? What do you believe should be done?

7. The annual budget may be the most important policy document passed each year. Why might this be the case? Please explain your answer.

8. The federal minimum wage is one economic policy that is discussed frequently and is often seen as a partisan issue. The Economic Policy Institute Article, Raising the federal minimum wage to $15 by 2025 would lift wages for over 33 million workers (2019) is available in Canvas - Files and addressed this issue. Please list how this policy would positively impact American workers. How might it negatively impact them? What do you believe is the best policy decision regarding the federal minimum wage? Why?

Document should be uploaded as a MS Word or PDF document in Canvas.