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Civics and Economics Released Form

Civics and Economics Released Form

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- [Instructor] What we're gonna talk about in this video is how various political ideologies can affect folks' views on economics, and when we're talking about economics and government policy around economics, there's two fundamental types. There's fiscal policy, which we will focus mainly on in this video, which is the idea of how much does the government tax, and how much does the government spend, and this is fundamentally in control of the U.S. Congress. Then you also have monetary policy, and these are ideas around interest rates and the money supply in service of keeping the economy strong without having inflation run amok, and this is controlled in the United States by the US Federal Reserve System. Now if you were to put the various ideologies on a spectrum, it might look something like this, and I put liberal ideology on the left because it's often associated with a left leaning ideology, and I put conservatives and on the right because it's often described as a right leaning

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