Final answer:
Internal stakeholders in democratic societies can influence government through various means but are checked by laws and regulations. Governments use fiscal and monetary policies to stabilize the economy, which involves tradeoffs like inflation or public debt. The power balance between the media, public, and political arena is complex and evolving with new technology.
Step-by-step explanation:
The role of internal stakeholders in controlling government varies widely depending on the country's political system. In democratic societies, stakeholders such as politicians, bureaucrats, interest groups, and citizens have the ability to influence government policies and decisions through various means like lobbying, voting, or public demonstrations. However, this control is balanced by the constitution, laws, and regulatory systems that have been established to ensure a level of accountability and transparency.
Regarding the role of government in stabilizing the economy, governments often employ fiscal and monetary policies to mitigate the effects of economic fluctuations. The tradeoffs involved include potential inflation, higher taxes, increased public debt, or potential reduction in individual freedoms and market efficiencies. These decisions are influenced by both domestic objectives and foreign relationships, underlining the interconnectedness of domestic and foreign policy.
When it comes to the media's role as a gatekeeper, there is an ongoing debate about the balance of power between the political arena and the public. While the media has significant influence in shaping public discourse and thereby influencing public policy, the emergence of new information and communication technologies has diversified the sources through which the public can obtain information, potentially redistributing some of the power once held exclusively by traditional media outlets.