Notes on chapter 5

Economic Functions of Government 1. Maintain legal and social

Economic Functions of Government 1. Maintain legal and social

Aggregate Demand

Aggregate Demand

The Role of Government in the Economy The government provides

The Role of Government in the Economy The government provides

Economics: Principles in Action

Economics: Principles in Action

American Free Enterprise

American Free Enterprise

IB Economics - End of Unit 2 Test (SL) March 2011

IB Economics - End of Unit 2 Test (SL) March 2011

OBJECTIVES • Describe the tradition of free enterprise in the United

OBJECTIVES • Describe the tradition of free enterprise in the United

Chapter 2

Chapter 2

Reasons for government intervention in the market...Market Failures

Reasons for government intervention in the market...Market Failures

Economic Decision Makers

Economic Decision Makers

had not

had not