APGOV Ch.15 vocab.Kamya.Auberry Flashcards
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 setting
The process of formatting 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 the 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 from the government and may also receive private donations to increase the quality of education.
common core
A voluntary 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 administrating most federal social welfare and health-related policies and programs; it includes the National Institutes for Health (NIH), the centers for disease control and prevention (CDC), and the Food and Drug Administration (FDA).
depression
A severe and long lasing decline in the economy that occurs as investment sags, production falls off, and unemployment increases.
discount rate
The rate of interest at which the federal Reserve Board lends money to member banks.
distributive policies
Public policies that provide benefits to individuals, groups, communities, or corporations.
entitlement programs
Governments benefits that all citizens meeting eligibility criteria - such as age, income level, or unemployment - are legally “entitled” to receive.
Federal Reserve System
The organization in the Untied 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 government’s taxing and spending policies to maintain economic stability.
governmental (institutional) 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.