1. Distinguish between incremental and non incremental policymaking? 2. Show how the federal government's economic policy is exercised through its fiscal and monetary policies? 3. Indicate how economic policies are at times guided by conflicting economic theories? 4. Recognize and define the concepts of gross domestic product, unemployment rate, and the rate of inflation as measures of the American economy? 5. Review the financial crisis that developed from sub prime mortgages? 6. Recount the role played by Fannie Mae and Freddie Mac with respect to the financial crisis of 2008? 7. Review the American Recovery and Reinvestment Act of 2009? 8. Analyze role of the Federal Reserve System in regulating money supply in order to control inflation and recession? 9. Outline the federal government spending as a percentage of the GDP? Evaluate outcomes of the buildup of national debt! Examine effects of federal regulations! Distinguish between economic freedom enjoyed by the United States with respect to other countries