What is public policy? how is policy made? what is the policy process and how does it shape public policymaking? public policyo congressional statuteo presidential actiono court decisiono budgetary choiceso regulationeconomic policyo monetary and fiscalthe policy processo problem identificationo agenda settingo formulationo adoptiono and budgetingo implementationo evaluationwhat is a policy problem? what is policy agenda? o know types of agendaslinkage institutionso examples? the welfare stateo this story of the social welfare systemo foundations of the welfare stateo welfare reformo how do we pay for the welfare state? education policieshealth policieshousing policies

Crowding out is a phenomenon focused upon most by the macroeconomists of whereby a government deficit interest rates, which in turn private investment spending. this group also believed that fiscal policy is the only thing that can lower natural unemployment. is just as effective in countering recessions as monetary policy. can be used most of the time, but monetary policy becomes a better option when velocity is fluctuating. should be used only if the central bank follows a monetary policy rule. faces problematic lags in propagating changes throughout the economy.

The cook corporation has two divisions--east and west. the divisions have the following revenues and expenses: east westsales $ 603,000 $ 506,000 variable costs 231,000 300,000 traceable fixed costs 151,500 192,000 allocated common corporate costs 128,600 156,000 net operating income (loss) $ 91,900 $ (142,000 )the management of cook is considering the elimination of the west division. if the west division were eliminated, its traceable fixed costs could be avoided. total common corporate costs would be unaffected by this decision. given these data, the elimination of the west division would result in an overall company net operating income (loss) of: multiple choice$91,900$(64,100)$(142,000)$(50,100)

Goldman services hired a new clerk to keep custody of and maintain all the equipment in the equipment yard. the clerk has not yet been adequately trained on the maintenance needs of the equipment. which internal control procedure needs strengthening?