APGOVCh.15.Arkane.Riahi

Question 1

Affordable Care Act (ACA)

Answer 1

An expansion of medicaid, most of employers must provide health insurance, have insurance or face surtax, prevents rejection based on pre-existing condition. Also referred to as “Obamacare”, signed into law in 2010.

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 long and severe recession in an economy or market.

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

Distributive Policies Aimed at ensuring proper distribution of opportunities, goods, services among different sections of society. Meant for specific groups / sections of society. Redistributive Policies Concerned with changing the existing distribution or allocation of resources or benefits.

Question 11

Entitlement Programs

Answer 11

a government program that guarantees certain benefits to a particular group or segment of the population.

Question 12

Federal Reserve System

Answer 12

consisting of twelve Federal Reserve districts, the Fed facilitates exchanges of cash, checks and credit; it regulates member banks; and it uses monetary policies to fight inflation and deflation

Question 13

Fiscal policy

Answer 13

federal gov, specifically Congressional, policies on taxes, spending, and debt management which promote the nation’s macroeconomic goals

Question 14

governmental (institutional) agenda

Answer 14

An intentional course of action or inaction followed by government in dealing with some problems ormatter of concern. A discussion agenda; it consists of all public issues that are viewed as requiring governmental attention.

Question 15

gross domestic product (GDP)

Answer 15

Gross Domestic Product (GDP) is a monetary measure of the market value of all the final goods and services produced in a period of time, often annually or quarterly.

Question 16

inflation

Answer 16

A rise in the general price levels of an economy.

Question 17

Keynesian economics

Answer 17

goal of the gov is to moderate/lessen boom and bust; deficit spending enhances demand and maintains high levels of spending and production; opposite of monetarism

Question 18

laissez-faire

Answer 18

A french term meaning “to allow to do, to leave alone.” It is hands-off governmental policy that is based on the belief that government involvement in the economy is wrong.

Question 19

means-tested programs

Answer 19

A government program financed by general income taxes that provides benefits to poor citizens without requiring contributions from them. means test. An income qualification program that determines whether one is eligible for benefits under government programs reserved for lower-income groups.

Question 20

Medicaid

Answer 20

the United States health program for certain people and families with low incomes and resources. Jointly funded by the state and federal governments, and is managed by the states. Medicaid is the largest source of funding for medical and health-related services for people with limited income in the United States.

Question 21

Medicare

Answer 21

a national social insurance program, administered by the U.S. federal government since 1965, that guarantees access to health insurance for Americans ages 65 and older and younger people with disabilities.

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

the total deficit from the first presidency down to the present

Question 24

No Child Left Behind Act (NCLB)

Answer 24

The No Child Left Behind Act authorizes several federal education programs that are administered by the states. The law is a reauthorization of the Elementary and Secondary Education Act. Under the 2002 law, states are required to test students in reading and math in grades 3–8 and once in high school.

Question 25

non-means-tested programs

Answer 25

Government programs available only to individuals below a poverty line. Examples of Non-means tests. social security, medicare, veterans disability benefits, unemployment benefits. Examples of Means-Tested programs. medicaid, supplemental security income, temporary assistance for needy families, food stamps.

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, people with requisite authority

Question 28

policy evaluation

Answer 28

process of determining whether a course of action is achieving its intended goals; determines fairness and efficiency of program

Question 29

policy formulation

Answer 29

formal proposals are developed and adopted to deal with the problems on the official policy agenda

Question 30

policy implementation

Answer 30

process of carrying out public policy through governmental agencies and the courts; can also be done via lawsuits and voluntary compliance

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

short-term drop in the economy caused by investment sags, failed production, and unemployment

Question 33

redistributive policies

Answer 33

A type of policy that takes benefits (usually through taxes) from one group of Americans and gives them to another (usually through spending).

Question 34

regulatory policies

Answer 34

A type of policy that takes benefits (usually through taxes) from one group of Americans and gives them to another (usually through spending).

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

he Social Security Act established a system of old-age benefits for workers, benefits for victims of industrial accidents, unemployment insurance, aid for dependent mothers and children, the blind, and the physically handicapped.

Question 37

Systemic agenda

Answer 37

systemic agenda: “all issues that are commonly perceived by members of the political community as meriting public attention and as involving matters within the legitimate jurisdiction of existing governmental authority”.

Question 38

vouchers

Answer 38

money that the government provides to parents to pay their children’s tuition in a public or private school of their choice.