How Can Politics Be Treated as a Science

question 52

Essay

How can Politics be treated as a science?

Recognize the rationale and challenges associated with using fiscal and monetary policy to stabilize the economy.

Identify the goals of the Federal Reserve and the tools it uses to achieve those goals.

Analyze the implications of budget deficits and fiscal policy choices on the economy.

Understand the time lags associated with the effects of monetary and fiscal policy actions on aggregate demand.

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Definitions:

Pupil

The black circular opening in the center of the eye's iris that regulates the amount of light that enters.

Iris

The colored part of the eye that controls the size of the pupil and the amount of light that enters the eye.

Axons

Long, slender projections of neurons that transmit electrical impulses away from the neuron's cell body to other neurons or to muscles or glands.

Ganglion Cells

Neurons located in the retina that receive visual information from photoreceptors via intermediate bipolar cells and transmit it to the brain through the optic nerve.