AP Gov Ch.15 Viridian Leal Flashcards Preview

APGOVSUM18 Leal Viridian > AP Gov Ch.15 Viridian Leal > Flashcards

Flashcards in AP Gov Ch.15 Viridian Leal Deck (38):
1

Affordable Care Act

a 2010 law designed to ensure that nearly all Americans would have access to healthcare coverage, including those living in poverty.

2

public policy

an international course of action or inaction followed by government in dealing with some problem or matter of concern

3

distributive policies

public policies that provide benefits to individuals, groups, communities, or corporations

4

regulatory policies

Public policies that limit the activities of individuals or corporations or prohibit any types of unacceptable behavior

5

re distributive policies

public policies that transfer resources from one group to assist another group

6

systematic agenda

a set of issues to be discussed or given attention; it consists of all public issues viewed as requiring governmental attention

7

governmental (institutional) agenda

problems to which public officials feel obligated to devote active and serious attention

8

agenda setting

the process of forming the list of issues to be addressed by government

9

policy formulation

the crafting of proposed courses of action to resolve public problems

10

policy adoption

the approval of a policy proposal by people with the requisite authority, such as legislature

11

policy implementation

the process of carrying out public policy

12

policy evaluation

the process of determining whether a course of action is achieving its intended goals

13

fiscal policy

the deliberate use of the national government's taxing and spending policies to maintain economic stability

14

national debt

the total amount owned by the federal government to its creditors, both domestic and international

15

laissez-faire

economic philosophy that endorses a very limited role of government in the economy

16

recession

a decline in the economy that occurs as investment sags, production falls off, and unemployment increases

17

depression

a severe and long lasting decline in the economy that occurs as investment sags, production falls off, and unemployment increases

18

Keynesian economics

an economic approach first championed by economist John Maynard Keynes in the 1930s, who maintained that spending by government can stimulate economic growth much faster than a free market could on its own

19

inflation

a rise in the general price levels of goods and services within economy

20

budget deficit

the economic condition that occurs when expenditures exceed revenues

21

gross domestic product

the total market value of all gods and services produced in a country during a year

22

monetary policy

a form of government regulation in which the nation's money supply and interest rates are controlled

23

Federal Reserve System

The organization in the US tasked with such responsibilities such as managing the money supply, stabilizing prices, moderating interest rates and reducing unemployment

24

Board of Governs

In the FRS, a seven-member board that makes most economic decisions regarding interest rates and the supply of money; it is led by the Federal Reserve chair

25

open market operations

the buying and selling of government securities by the Federal Reserve Bank

26

discount rate

the rate of interest at which the Federal Reserve Board lends money to member banks

27

reserve requirements

government requirements that a portion of member banks' deposits be retained as backing for their loans

28

Medicare

the federal program established during Lyndon B. Johnson's administration that provides medical acre for the elderly Social Security recipients

29

Department of Health and Human Services

the cabinet-level department administering most federal social welfare and health-related policies and programs; it includes the National Institutes for Health, the Centers for Disease Control and Prevention, and the Food and Drug Control Administration

30

medicaid

a government program that subsidizes medical care for the poor

31

No Child Left Behind Act

Bipartisan education reform bill that employed high standards and measurable goals as a method of improving American education across states; in 2016, it was largely replaced by the Every Student Succeeds Act

32

Common Core

a voluntarily adopted multi-state-approach to setting standards that all students should achieve up through the high-school level

33

vouchers

certificates issued by the government that may be applied toward the cost of attending private or other public schools

34

charter schools

semi-public schools that have open admission and receive some support from the government and may also receive private donations to increase the quality of education

35

Social Security Act

A 1935 law that established old age insurance; assistance for the needy, aged, blind, and families with dependent children; and unemployed insurance

36

entitlement programs

government benefits that all citizens meeting eligibility criteria-such as age, income level, or unemployment-are "legally" entitled to receive

37

non-means-tested programs

programs that provide cash assistance to qualified beneficiaries, regardless of income; social security and unemployment

38

means-tested program

programs requiring beneficiaries to have incomes below specified levels to be eligible for benefits; Social Security Insurance , Temporary Aid for Needy Families, and Supplemental Nutrition Assistance Program, "food stamps"