APGovCh.15.Justin.Hall Flashcards
Affordable Care Act (ACA)
Nicknamed Obamacare, is a United States federal statute enacted by the 111th United States Congress and signed into law by President Barack Obama
Agenda-setting
If a news item is covered frequently and prominently, the audience will regard the issue as more important
Board of Governors
A federal government agency that is the Fed’s centralized component. The Board consists of seven members who are appointed by the president of the United States and confirmed by the Senate
Budget Deficit
When expenses exceed revenue, and it is an indicator of financial health
Charter School
A publicly funded independent school established by teachers, parents, or community groups under the terms of a charter with a local or national authority
Common Core
A set of high-quality academic standards in mathematics and English language arts/literacy
Department of Health and Human Services
Aims to “protect the health of all Americans and provide essential human services, especially for those who are least able to help themselves.”
Depression
A long and severe recession in an economy or market
Discount Rate
The minimum interest rate set by the Federal Reserve for lending to other banks
Distributive Policies
Aimed at ensuring proper distribution of opportunities, goods, services among different sections of society
Entitlement programs
A government program that guarantees certain benefits to a particular group or segment of the population
Federal Reserve System
The central bank of the United States. It was created by the Congress to provide the nation with a safer, more flexible, and more stable monetary and financial system
Fiscal policy
The use of government revenue collection and expenditure to influence the economy. When the government changes the levels of taxation and government spending, it influences aggregate demand and the level of economic activity
Governmental (Institutional) Agenda
A discussion agenda; it consists of all public issues that are viewed as requiring governmental attention
Gross domestic product
The total value of goods produced and services provided in a country during one year