Understanding Political Ideologies and Economic Policies

What is the primary focus of fiscal policy?

• Government spending and taxation

• Controlling inflation

• Managing unemployment

• Regulating interest rates

Who controls monetary policy in the United States?

• The President

• The Treasury Department

• The Federal Reserve

• Congress

What is the role of the Federal Reserve in monetary policy?

• Regulating trade policies

• Managing government spending

• Controlling the money supply

• Setting tax rates

Which economic theory supports the idea of government spending to boost the economy?

• Keynesian economics

• Classical economics

• Supply-side economics

• Monetarism

Which ideology is most likely to support high government spending on social programs?

• Liberal

• Anarchist

• Conservative

• Libertarian

What is the main goal of supply-side economics?

• Increase taxes on the wealthy

• Reduce government spending

• Support businesses to produce more goods

• Increase consumer demand

According to conservatives, what is the best way to address economic issues?

• Implement strict monetary policies

• Increase government spending

• Support businesses and reduce regulations

• Raise taxes on high-income earners

Which ideology believes that the free market should determine economic choices?

• Liberal

• Communist

• Conservative

• Libertarian

Which political ideology is known for advocating the least amount of government intervention in the economy?

• Liberal

• Conservative

• Libertarian

• Socialist

What is the primary concern of libertarians regarding government intervention?

• Increasing government programs

• Protecting personal property rights

• Ensuring economic equality

• Regulating business practices