Ideology and ECONOMIC POLICY [AP Gov Review, Unit 4 Topic 9 (4.9)]

Fiscal policy refers to __________ the government makes about government spending and taxation.

decisions

The control of fiscal policy is under __________, who decides what to spend where.

Congress

Monetary policy is defined as decisions the government makes about __________ in the economy.

how much money should be

The __________ is responsible for controlling monetary policy.

Federal Reserve (Fed)

Liberals tend to favor __________ government intervention in the economy.

the most

The economic theory that supports liberal fiscal policies is called __________ economics.

Keynesian

Conservatives advocate for __________ government involvement in the economy.

less

Supply-side economics focuses on supporting __________ to solve economic problems.

businesses

Conservatives prefer lower taxes and __________ government programs.

less

Libertarians seek the least amount of __________ intervention possible.

government

Libertarians believe the government should only protect __________ rights and ensure voluntary trade.

personal property

The contrasting view to Keynesian economics is __________ economics, supported by conservatives.

supply-side