APGovCh.15.Angelina.Zamora 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 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