Gov unit 3 exam

Question 1

policies that apply to the inside of the country

Answer 1

Domestic policy

Question 2

Policies that apply to the people inside the country

Answer 2

Public Policy

Question 3

Policies that apply to taxation and spending; aka the budget

Answer 3

Fiscal Policy

Question 4

Policies that apply to inflation and deflation; by the federal reserve

Answer 4

Monetary Policy

Question 5

Government income through taxes, tariffs, fines, and fees

Answer 5

Revenue

Question 6

Government outflow through programs, enforcement, and regulation

Answer 6

Expenditures

Question 7

Acts, bills, or laws that allow a program to exist

Answer 7

Authorizations

Question 8

Acts, Bills, and laws the fund a program

Answer 8

Appropriations

Question 9

Programs that require consistent and constant funding because they are already authorized by law and have existed for a long time

Answer 9

Mandatory spending

Question 10

Programs that may fluctuate (change) in funding because they have parts that may require more or less from year to year

Answer 10

Discretionary spending

Question 11

A budget that has less revenue than expenditure

Answer 11

Deficit

Question 12

The majority of income for state and local governments comes from a higher level of government, not their own taxes

Answer 12

Intergovernmental revenue

Question 13

the largest tax revenue for Louisiana

Answer 13

Sales taxes

Question 14

The largest tax revenue for St Tammany

Answer 14

Property taxes

Question 15

the largest expenditure for Louisiana and most states

Answer 15

Welfare programs

Question 16

the largest expenditure for St Tammany and most local governments

Answer 16

Public schools

Question 17

The cause of Rationing and Price increases on utilities

Answer 17

Shortage

Question 18

MOB Executive Branch Office that assists the President with the Budget

Answer 18

MOB

Question 19

Legislative Branch Office that assists Congress with the Budget

Answer 19

COB

Question 20

The document that defines the Budget process for the congress

Answer 20

Budget resolution

Question 21

The committee that decides how much other committees spend

Answer 21

Budget Committee

Question 22

When a bill (or the budget) stalls, the leadership of the House and Senate can meet together to come to a compromise

Answer 22

Conference committee

Question 23

When the Budget stalls, the government will shut down without funding, so Congress has to extend the old budget

Answer 23

Gov Shut down/Continuing resolution

Question 24

Where all (appropriations) bills for revenue or spending must start

Answer 24

HOR

Question 25

The independent central bank of the United States

Answer 25

Federal reserves

Question 26

Part of the central bank that has 7 leaders who are appointed by the President and confirmed by the Senate which was created by the Federal Reserve Act of 1913, who oversees bank operations in the US

Answer 26

Board of Governors

Question 27

Part of our central banks that includes leaders from the parts of the Federal Reserve System, that sets Monetary Policy from the US

Answer 27

FOMC

Question 28

Parts of our central banking system that control Monetary Policy in each of the 12 districts, and may have multiple banks within district

Answer 28

Federal reserve banks

Question 29

Control inflation and Maximize employment

Answer 29

The two goals of central banks

Question 30

The amount of dollars in circulation (being used in the market)

Answer 30

Money supply

Question 31

The rate at which banks lend to one another, set by the fed

Answer 31

FFR

Question 32

the rate at which the feds lend to the banks

Answer 32

Discount

Question 33

when the fed Acts like a buyer, buying investments from the banks

Answer 33

OPM

Question 34

when the fed tells banks how much cash they need to keep on hand

Answer 34

RR

Question 35

the feds power to look in on bank mergers and foreign banks

Answer 35

oversee

Question 36

The fed's power to hold the US's gold and foreign currencies

Answer 36

Reserve

Question 37

The fed's power to direct the Treasury to create more dollars or bonds

Answer 37

Issue

Question 38

The fed can sell these to increase saving, slowing down to the market

Answer 38

Bonds

Question 39

Policies that set requirements on business to solve public issues

Answer 39

Regulatory

Question 40

Policies that give resources to business to solve public issues

Answer 40

Distributive

Question 41

Policies that provide programs to people to solve public issues

Answer 41

Re-distributive

Question 42

Identify the problem, Set the Agenda, make the policy, Enact the policy, Evaluate policy

Answer 42

Policy Process

Question 43

a critical event that may turn a routine issue into a bigger problem

Answer 43

Triggering event

Question 44

A domestic critical event that causes new policy to be made like Natural disasters, economic problems, change in technology, or social changes

Answer 44

Internal trigger

Question 45

a foreign critical event that causes new policy to be made like acts of war, Indirect conflicts, economic conflicts, and changes in world status

Answer 45

External trigger

Question 46

how widely a critical event affects the people

Answer 46

Scope

Question 47

how strongly a critical event affects the people

Answer 47

Intensity

Question 48

how often/soon a critical event affects the people

Answer 48

Time

Question 49

policies that lead to inflation, like adding to the money supply (if the fed raises the federal funds rate and discount rate, Banks borrow less money and make less loans at higher interest rates, decreasing the money supply, there is less money available, so people spend less, decreasing demand and slowing the market)

Answer 49

Expansionary

Question 50

Policies that lead to deflation, like raising interest rates (if the lowers the Federal Funds Rate and Discount Rate, Banks borrow more money and make more loans at lower interest rates, increasing the money supply, there is more money available, so people spend more, increasing demand and spending up the market

Answer 50

Contractionary