Fast Track To Speech&Debate With the Use of Economics

Economics

"The science that deals with the production, distribution, and consumption of goods and services, or the material welfare of humankind."

Speech and Debate

A discussion, as of a public question in an assembly, involving opposing viewpoints: a debate in the Senate on farm price supports.

A formal contest in which the affirmative and negative sides of a proposition are advocated by opposing speakers.

Relate Economics to Speech and Debate

1. Use of policies to solve tasks

2. Strengthen own arguments

Two Types of Policies

1. Fiscal Policy

Fiscal policy is the means by which a government adjusts its spending levels and tax rates to monitor and influence a nation's economy.

2. Monetary Policy

Monetary policy consists of the actions of a central bank, currency board or other regulatory committee that determine the size and rate of growth of the money supply, which in turn affects interest rates.

Expansionary: deals with recession

Contractinary: deals with Inflation

Fiscal policy

Expansionary

Increase government spending

Decrease taxes

Contractionary

Decrease government spending

Increase taxes

Monetary policy

Expansionary

Buy bonds

Decrease interest rate

Contractionary

Sell bonds

Increase interest rate

Examples

1. The government is building a new research program on environment protection.

2. The United States is increasing the military power

Where does the money come from?

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