Write an essay 1,000-1,250 words regarding the impact of Economic policy on the Market. Include the following:
- Choose three government policies that were implemented since the 1970’s to remedy an economic crisis. Evaluate the policies’ effectiveness.
- Explain how the Keynesian model of economics was applied to the economic crises of the 1970’s. Was it effective? Explain.
- Explain how government creates demand to correct market failure in order to address welfare policies. Provide an example and explain your rationale.
Be sure to cite at least three relevant scholarly sources in support of your content. These sources can include trade journals and think tank reports.