APGovCh.15.Angelina.Zamora Flashcards
(38 cards)
Affordable Care Act (ACA)
A 2010 law designed to ensure that nearly all Americans would have access to health care coverage including those living in poverty
Agenda settings
The process of forming the list of issues to be addressed by government
Board of Governors
In the federal reserve system a seven-member board that makes most economic decisions regarding interest rates and supply of money; it is led by the Federal Reserve chair
Budget Deficit
The economic condition that occurs when expenditures exceed revenues
Charter School
Semi-public schools that have open admission and receive some support form the government and may also receive private donations to increase the quality of education
Common Core
A voluntarily adopted multi-state approach to setting standards that all students should achieve up through the high-school level
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 administration
Depression
A server and long-lasting decline in the economy that occurs as investment sags production falls off and unemployment increases
Discount Rate
The rate of interest at which the feral reserve board lends money to member banks
Distributive policies
Public policies that provide benefits to individuals group communities or corporations
Entitlement programs
Government benefits that all citizens meeting eligibility criteria-such as age, income level or unemployment-are legally ¨entitled¨ to receive.
Federal Reserve Systems
The organizations in the United States tasked with such responsibilities as managing the money supply stabilizing prices moderating interest rates and reducing unemployment
Fiscal policy
The deliberate use of the national governments taxing and spending policies to maintain economic stability
Governmental agenda
Problems to which public officials feel obliged to devote active and serious attention
Gross Domestic Product (GDP)
The total market value of all goods and services produced in a country during a year
Inflation
A rise in the general price levels of goods and services within an economy
Keynesian economics
An economic approach first championed by economist John Maynard Keynes in the 1930s who maintained that spending bu government can stimulate economic growth much faster than a free market could on its own.
Laissez-faire
The economic philosophy that endorses a very limited role for government in the economy
Means-tested programs
Programs requiring beneficiaries to have incomes below specified levels to be eligible for benefits; among these are social security insurance temporary aid to needy families and the supplemental nutrition assistance program formally called ¨food stamps¨
Medicaid
A government program that subsidizes medical care for the poor
Medicare
The federal program established during Lyndon B Johnson administration the provides medical care to elderly Social Security recipients
Monetary Policy
A form of government regulation in which the nations money supply and interest rates are controlled
National debt
The total amount owed by the federal government to its creditors, both domestic and international
No Child Left Behind Act (NCLB)
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
