APGovCh.15.Alyssa.Lujano

Question 1

Affordable Care Act (ACA)

Answer 1

a law consisting of two pieces of legislation that are collectively referred to as “Healthcare Reform” or “Obamacare”.

Question 2

Agenda Setting

Answer 2

The process of forming the list of matters that policymakers intend to address.

Question 3

Board of Governors

Answer 3

In the Federal Reserve System, a seven-member board that sets members banks’ reserve requirements, controls the discount rate, and makes other economic decisions.

Question 4

Budget Deficit

Answer 4

The amount by which federal expenditure exceeds federal revenue.

Question 5

Charter School

Answer 5

self-governing public schools that have signed an agreement with their state government to improve students’ education; have their own curricula and teaching practices.

Question 6

Common Core

Answer 6

Goals are moving national to priorities toward the public, and making government institutes.

Question 7

Department of Health and Human Services

Answer 7

Originally the Department of Health, Education, and Welfare
Supervises programs to protect health and provide social service
(1979).

Question 8

Depression

Answer 8

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

Question 9

Discount Rate

Answer 9

The rate of interest at which member banks can borrow money from their regional Federal Reserve Bank.

Question 10

Distributive Policies

Answer 10

Public policies that provide benefits to individuals, groups, communities, or corporations.

Question 11

Entitlement Programs

Answer 11

Government benefits that all citizens meeting eligibility criteria- such as age, income level, or unemployment- are legally “entitled” to receive.

Question 12

Federal Reserve System

Answer 12

Organization tasked with responsibilities such as; managing the money supply, stabilizing prices, moderating interest rates, and reducing unemployment.

Question 13

Fiscal Policy

Answer 13

The policies of taxation &spending that comprise the nation’s economic policy.

Question 14

Governmental agenda

Answer 14

Problems to which public officials feel obliged to devote active and serious attention.

Question 15

Gross domestic product (GDP)

Answer 15

The total market value of all goods and services produced in a country during a year.

Question 16

Inflation

Answer 16

A rise in the general price levels of goods and services within an economy.

Question 17

Keynesian economics

Answer 17

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.

Question 18

Laissez-faire

Answer 18

Economic philosophy that endorses a very limited role for government in the economy.

Question 19

Means-tested programs

Answer 19

income security program intended to assist those whose incomes fall below a designated level (poverty line).

Question 20

Medicaid

Answer 20

A government program that subsidizes medical care for the poor.

Question 21

Medicare

Answer 21

old people (65+ with Social Security) social insurance trust; workers pay into their own retirement fund on payroll tax; covers of hospitalization and nursing care with optional extension of coverage for physician services, X-rays etc.

Question 22

Monetary policy

Answer 22

A form of government regulation in which the nation’s money supply and interest rates are controlled.

Question 23

National Debt

Answer 23

Amount of money owed by the government.

Question 24

No Child Left Behind Act (NCLB)

Answer 24

passed in 2003; holds states, schools, and school districts accountable for their standardized tests scores; labels schools unable to meet desired average as “failing” and offers such schools more resources; unfunded mandate, leads to cheating and “teaching the test”.

Question 25

non-means-tested programs

Answer 25

benefits provided regardless of income or means of recipients (Social Security).

Question 26

Open market operations

Answer 26

The buying and selling of government securities by the Federal Reserve Bank in the securities market.

Question 27

Policy adoption

Answer 27

The approval of a policy by legislation.

Question 28

Policy evaluation

Answer 28

Determines if a policy is achieving its goals.

Question 29

Policy Formulation

Answer 29

The crafting of a policy to resolve public problems.

Question 30

Policy implementation

Answer 30

Carrying out a policy through government agencies and courts.

Question 31

Public Policy

Answer 31

the course of action the government takes in response to an issue or problem.

Question 32

Recession

Answer 32

A short-term decline in the economy that occurs as investment sags, production falls off, and unemployment increases.

Question 33

Redistributive Policies

Answer 33

Public Policies that transfer resources from one group to assist another group.

Question 34

Regulatory Policies

Answer 34

Public policies that limit the activities of individuals and corporations or prohibit certain types of unacceptable behavior.

Question 35

Reserve requirements

Answer 35

Government requirements that a portion of member banks’ deposits must be retained to back loans made.

Question 36

Social Security Act

Answer 36

passed in 1935; most important part of the New Deal; provides public assistance and guaranteed retirement payments for the needy, old, and blind.

Question 37

Systemic agenda

Answer 37

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

Question 38

Vouchers

Answer 38

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