Monetary Policy and Economic Ideologies

The video explores economic ideologies of liberals, conservatives, and libertarians, focusing on their views on taxes, government spending, and regulation. It explains fiscal policy, comparing Keynesian and supply-side economics, and discusses the roles of Congress and the President. The video also covers monetary policy and the Federal Reserve's role in managing the money supply and interest rates.

Which economic ideology supports higher taxes for the wealthy and increased government spending on social programs?

• Supply-side

• Liberal

• Conservative

• Libertarian

Which economic ideology is most likely to support minimal government involvement in the economy?

• Keynesian

• Conservative

• Liberal

• Libertarian

What is fiscal policy primarily concerned with?

• Environmental regulations

• Private property rights

• Taxation and government spending

• Interest rates and money supply

What is the main idea behind Keynesian economics?

• Cutting taxes to stimulate the economy

• Increasing government spending to boost economic activity

• Minimizing government involvement in the economy

• Focusing on reducing national debt

How do supply-side economists believe economic activity can be stimulated?

• By reducing the money supply

• By increasing interest rates

• By cutting taxes

• By increasing government spending

What is a common concern of libertarians regarding both Keynesian and supply-side economics?

• They do not involve enough government spending

• They focus too much on social programs

• They reduce government regulation

• They increase national debt

Who is responsible for implementing monetary policy in the United States?

• Congress

• The President

• The Federal Reserve

• The Treasury Department

What is the primary goal of monetary policy when inflation is a concern?

• Increase government spending

• Reduce the money supply

• Lower interest rates

• Increase the money supply

What action is typically taken in monetary policy to address high unemployment?

• Increase the money supply

• Reduce government spending

• Raise interest rates

• Cut taxes

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

• To implement tax cuts

• To oversee fiscal policy

• To manage the money supply and interest rates

• To regulate environmental policies