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Standard 7.7 The student will describe the role of government in the United States economy, with emphasis on

  • provision of public goods and services;

  • protection of consumer rights, contracts, and property 


  • the impact of government taxation, borrowing, and 

       spending on individuals and on the  production and

       distribution of goods and services; and

  • the role of the Federal Reserve System and the impact of

       monetary policy on the money supply and interest rates.

Goods and Services

Government and the Distribution of Goods and Services

Consumer rights


Property rights

Governments and the Individual

Government Policy and the Economy

The Federal Reserve System

This page was updated on:  04/10/02