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AP U.S. Government 1.5 Public Policy 176 Views


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AP U.S. Government 1.5 Public Policy. Fiscal policy...what?

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Transcript

00:00

Thank you We sneak and here's your shmoop du jour

00:05

Brought to you by fish eagle policy law of the

00:08

sea fiscal policy Uh what And here potential answers way

00:15

stretched on the fish girl thing but you try to

00:17

make jokes out of fiscal really hard All right a

00:20

lot of utilizing going on here anyone has ideas Okay

00:24

well here we go Ever since the great depression the

00:27

government's played up pretty well great role in the economy

00:30

This sort of top bill award winning performance involves two

00:33

different pieces Monetary policy and fiscal policy Will this fiscal

00:39

policy a utilized interest rates and the money supply Well

00:43

that sounds more like monetary policy which is set by

00:45

the federal reserve and involves managing interest rates bond purchases

00:49

and the flow of cash money into the economy by

00:51

adjusting interest rates The federal reserve which is our nation's

00:55

central bank can affect people's willingness to borrow and lend

00:58

money which could help stimulate the economy and slow times

01:01

or slow down spending in high times Same goes for

01:04

control over the money supply which basically means how many

01:07

of those dollars dollar bills y'all are printed and circulated

01:11

At any given moment it's off the federal reserve is

01:14

controlling monetary policy who's calling the shots on fiscal policy

01:19

well fiscal policy is set that is if they can

01:22

agree by congress and the president Every year the president

01:27

sends a budget to congress outlining to major goal how

01:29

the government will spend its money and where the government

01:32

will get its money Some government spending like social security

01:36

and medicare is mandatory meaning the government has to make

01:39

the payments each year Some spending though is discretionary meaning

01:43

that lawmakers have some say over who gets how much

01:46

what when where now where does all this money come

01:48

from No not george washington's wouldn't tooth fairy it comes

01:52

from taxes each year the government collects taxes on individuals

01:55

and businesses in orderto help fund government spending But a

01:59

big part of fiscal policy is determining just how high

02:01

or low those tax rates will be So if fiscal

02:05

policy involves government spending levels and tax rates that makes

02:10

e the right answer right there politicians tend to make

02:13

a whole bunch of promises when they're running for office

02:16

but when it comes to the grim reality of deciding

02:18

our nation's fiscal policy Well they really have to put 00:02:21.655 --> [endTime] taxpayers money where their mouth is

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