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I. The Public Policy Process A. Problem Recognition B. Policy Formation C. Policy Implementation II. Government as Regulator of the Economy A. Efficiency Through Government Intervention 1. Preventing Price Fixing 2. Making Business Pay for Indirect Costs 3. Deregulation B. Equity Through Government Intervention C. The Politics of Regulatory Policy III. Government as Protector of the Environment A. Conservation: The Older Wave B. Environmentalism: The Newer Wave 1. Environmental Protection 2. Energy Policy and Global Warming IV. Government as Promoter of Economic Interests A. Promoting Business B. Promoting Labor C. Promoting Agriculture V. Fiscal Policy: Government as Manager of the Economy, I A. Taxing and Spending Policy and Politics 1. Demand-Side Stimulation 2. Supply-Side Stimulation 3. Controlling Inflation 4. Partisan Differences B. The Budgetary Process VI. Monetary Policy: Government as Manager of the Economy, II A. The Fed B. The Politics of the Fed |