Keynesian: Active government, fiscal policy | Supply-Side: Limited government, tax cuts.

Liberal: More regulation, social programs | Conservative: Less regulation, individual responsibility.

Fiscal: Government spending/taxation | Monetary: Central bank, money supply/interest rates.

Favors more government regulation of the marketplace to promote fairness and economic opportunity.

Favors little to no government regulation, believing free markets drive economic growth.

Supports active government role to ensure fair and equitable economic operation.

Supports active government role to promote fairness, equality, and protect rights.

Supports a balanced approach to government intervention, avoiding market interference.

Government spending and taxation to influence the economy.

Central bank's use of money supply and interest rates to influence the economy.

Increase spending, reduce taxes; used during recessions.

Reduce spending, increase taxes; used to cool down an economy.

Increase money supply, lower interest rates to stimulate growth.

Decrease money supply, raise interest rates to slow down growth.

Active government role using fiscal/monetary policies to stabilize the economy.

Limited government role; cutting taxes/regulations to create a favorable business environment.

Cause: Liberal policy goal, Effect: Increased worker income, potential job losses.

Cause: Conservative policy goal, Effect: Increased business efficiency, potential environmental damage.

Cause: Recession, Effect: Increased demand, potential inflation.

Cause: High inflation, Effect: Slowed economic growth, potential recession.

Cause: Supply-side economics, Effect: Increased investment, potential income inequality.