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Word Count: 519
The Government plays many strong rolls in the economy They control many things indirectly but still have a very large say in what happens One of the largest ways that the government effects the economy is through the Federal Reserve Board The chairman of the board is Alan Greenspain and he controls how much interest there is on the government loans And when he changes his price all of the others go with it And even when he even says something that leads people to thinking hes going to change it it changes So he has to be very careful of what he says In some ways you can look at it as though he has the most power in the United States government He controls the interest rates which effects all most everything else in one way or another When he changes the rates it effects all people and students that have government biased loans And if they have less spending money then they cant help the economy grow But luckily Mr Greenspain doesnt change the rates to often so the economy stays at a pretty steady rate Another major way that our government effects the economy is through regulation They regulate the prices of utilities industries and even some food products The way that they regulate utilities is by saying that the prices have to be between this price and this prices This regulates the amount of extra money that the common American will have each month They do the same thing with other industries They say that your prices have to be below this number and above this number Even though it is considered regulation it really doesnt effect to many of the businesses because the prices that they say your price has to be lower than is so high that no one would even think of charging that and vise a versa The regulation is very different in the food industry
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