4.9 -- Ideology and Economic Policy

What is fiscal policy primarily concerned with?

• Government spending and taxation

• Interest rates and money supply

• Regulation of international trade

• Environmental regulations

Which institution is responsible for monetary policy in the United States?

• The Federal Reserve

• The Department of Treasury

• Congress

• The Supreme Court

Which economic theory do liberals typically support?

• Supply-side economics

• Keynesian economics

• Classical economics

• Monetarism

What is a key belief of conservatives regarding fiscal policy?

• Increased government spending

• Minimal government intervention

• Strict business regulations

• Higher taxes

What do supply-side economists believe will stabilize the economy?

• Increased consumer spending

• Government intervention

• Supporting businesses

• Raising taxes

How do libertarians view government intervention in the economy?

• They support moderate intervention

• They want no intervention

• They support extensive intervention

• They are undecided

What is the primary focus of monetary policy?

• Managing government spending

• Regulating international trade

• Controlling the money supply

• Setting tax rates

Which ideology is most likely to support lower taxes?

• Communist

• Conservative

• Socialist

• Liberal

What is a common conservative belief about the free market?

• It should be heavily regulated

• It should be left to operate freely

• It is inherently unstable

• It requires constant government intervention

Which ideology believes in minimal government programs?

• Conservative

• Libertarian

• Liberal

• Socialist