APGOVCh15.Jamian.Kortekaas

Question 1

Affordable Care Act (ACA)

Answer 1

A health care reform law enacted under President Obama that lowered costs for households with incomes between 100% and 400% of the federal poverty level.

Question 2

Agenda Setting

Answer 2

Describes the ability to influence the importance placed on the topics of the public agenda.

Question 3

Board of Governors

Answer 3

A government agency that is the Fed’s centralized component consisting of 7 members appointed by the President and confirmed by the Senate.

Question 4

Budget Deficit

Answer 4

A budget deficit occurs when expenses exceed revenue.

Question 5

Charter School

Answer 5

A government-funded, but independently operated school.

Question 6

Common Core

Answer 6

An educational initiative that details what students should know at the end of each grade level.

Question 7

Department of Health and Human Services

Answer 7

Department of the federal government whose goal is to protect and provide health services to all Americans.

Question 8

Depression

Answer 8

A long-term severe downturn in economic activity.

Question 9

Discount Rate

Answer 9

The interest rate charged to commercial banks for loans received from the Federal Reserve.

Question 10

Distributive Policies

Answer 10

Ensures distribution of services among different sections of society.

Question 11

Settlement Programs

Answer 11

Involves for-profit companies negotiating with creditors to allow individuals to pay a settlement fee to resolve the debt.

Question 12

Federal Reserve System

Answer 12

The central banking system of the United States of America.

Question 13

Fiscal Policy

Answer 13

The use of government spending to influence the economy.

Question 14

Governmental (Institutional) agenda

Answer 14

A list of issues that are being given great attention to by government officials and individuals.

Question 15

Gross Domestic Product (GDP)

Answer 15

The value of goods and services produced within one year of a country.

Question 16

Inflation

Answer 16

The increase in prices and the decrease in purchasing power.

Question 17

Keynesian Economics

Answer 17

The economic theory that advocates increased government spending and lower taxes to stimulate an economy during th eGreat Depression.

Question 18

Laissez-faire

Answer 18

The absence of government intervention in a free market economy.

Question 19

Means-tested programs

Answer 19

Programs where the means-test determines the eligibility of government assistance for an individual.

Question 20

Medicaid

Answer 20

A health care program that assists low-income families with paying for doctor visits.

Question 21

Medicare

Answer 21

A health insurance program for people who are 65 or older.

Question 22

Monetary Policy

Answer 22

Actions by central banks that determine the growth of the money supply thereby influencing interest rates.

Question 23

National Debt

Answer 23

The amount of money that a country has borrowed.

Question 24

No Child Left Behind Act (NCLB)

Answer 24

A Bush-era education act aimed to replace the Elementary and Secondary Education Act of 1965; applied provisions to disadvantaged students.

Question 25

Non-means-tested programs

Answer 25

A program that does not base eligibility on the size of income.

Question 26

Open market operations

Answer 26

An action by the central bank to give high volume in its currency to a group of banks.

Question 27

Policy Adoption

Answer 27

The third phase of the policy process where policies are adopted by different government bodies for further implementation.

Question 28

Policy Evaluation

Answer 28

The purpose of policy evaluation is to address in depth a problem and analyze the implementation of a policy.

Question 29

Policy Formulation

Answer 29

The development of actions that address what is already placed on the policy agenda.

Question 30

Policy Implementation

Answer 30

The action of the policy cycle that is taken after a law is put into effect.

Question 31

Public Policy

Answer 31

A system of laws or regulatory measures concerning a topic promoted by government entities.

Question 32

Recession

Answer 32

A temporary period of economic decline in which economic activity is reduced.

Question 33

Retributive Policies

Answer 33

Policies that are based upon the principle of revenge.

Question 34

Regulatory Policies

Answer 34

Policies that regulate what can be done in the marketplace.

Question 35

Reserve Requirements

Answer 35

The amount of cash a bank must have.

Question 36

Social Security Act

Answer 36

A Roosevelt-era act that provided benefits for workers, unemployment insurance, and aid for dependent mothers and children.

Question 37

Systematic Agenda

Answer 37

Issues that are acknowledged by the political community that can be solved through the use of government authority.

Question 38

Vouchers

Answer 38

A document that is used to gather all files needed to approve of a liability.