Reading Assignment

Read Chapter 18, Economic Policy, pages 636-669 in your text before completing the rest of this section. The section activities will require that you are able to readily access the information.

For this first reading assignment you should be able to:

• Describe sources of federal revenue
• Describe changes in federal expenditures
• Describe the factors that influence the economic policy making process.
• Describe the budget process
• Analyze the political issues involved in the budgetary process
• Describe the executive offices involved in the budgetary process
• Describe the legislative process involved in constructing the budget