chapter.15.surysadai

Question 1

affordable care act

Answer 1

it represents the U.S. healthcare system’s most significant regulatory overhaul and expansion of coverage since the passage of Medicare and Medicaid in 1965

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

. The Board consists of seven members who are appointed by the president of the United States and confirmed by the Senate.

Question 4

budget deficit

Answer 4

Budget Deficit. when federal expenditures exceed federal revenues for a one year period.

Question 5

charter school

Answer 5

publicly funded independent school established by teachers, parents, or community groups under the terms of a charter with a local or national authority.

Question 6

common core

Answer 6

exams students take every years

Question 7

department of health and human services

Answer 7

s a cabinet-level department of the U.S. federal government with the goal of protecting the health of all Americans and providing essential human services

Question 8

depression

Answer 8

a period of high unemployment and business failures; a severe, long-lasting downturn in a business cycle

Question 9

discount rate

Answer 9

Interest levels determined by the Federal Reserve that affects the consumer’s ability to borrow money. Fluctuating the rates is a tool to combat inflation.

Question 10

distributive policies

Answer 10

A policy that results in the government giving benefits to people, farmers, and businesses. ex) subsidies, r & d funds, government aid

Question 11

entitlement programs

Answer 11

Benefits legally bound to individuals by the federal government
ex) social security

Question 12

federal reserve systems

Answer 12

The federal body that regulates the money supply, the limitations on money reserves of banks, and the rate at which banks can borrow money.

Question 13

fiscal policy

Answer 13

Policy that determines how the economy is managed based on government spending and borrowing and the amount of money from taxes

Question 14

governmental (institutional) agenda

Answer 14

A political agenda is a set of issues and policies laid out by ideological or political groups; as well as topics under discussion by an governmental executive, or a cabinet in government that tries to influence current and near-future political news and debate.

Question 15

gross domestic product

Answer 15

The total of all goods and services produced in a year.

Question 16

inflation

Answer 16

rise in the general price level (and decrease in dollar value) owing to an increase in the volume of money and credit in relation to available goods

Question 17

Keynesian economics

Answer 17

theory emphasizing that government spending and deficits can help the economy weather its normal ups and downs. Proponents of this theory advocate using the power of the government to stimulate the economy when it is lagging.

Question 18

laisser-faire

Answer 18

Money given to the government via purchased goods

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

Question 20

medicaid

Answer 20

A program funded by federal and local governments that covers hospital and nursing home costs of low-income people.

Question 21

medicare

Answer 21

Program that covers hospital and medical costs of senior citizens and disabled people

Question 22

monetary policy

Answer 22

The policies of the Federal Reserve Board that aim to create and maintain a healthy economy

Question 23

national debt

Answer 23

the total amount of money the federal government has borrowed to finance deficit spending over the years

Question 24

no child left behind act

Answer 24

which passed Congress with overwhelming bipartisan support in 2001 and was signed into law by President George W. Bush on Jan. 8, 2002, is the name for the most recent update to the Elementary and Secondary Education Act of 1965

Question 25

non-means-tested programs

Answer 25

social security is a non means based program because it is given to anyone, regardless of their income, once they hit age for it and made the minimum contribution defined by the law. Means-Test. Government programs available only to individuals below a poverty line. Examples of Non-means tests.

Question 26

open market operations

Answer 26

An open market operation is an activity by a central bank to give liquidity in its currency to a bank or a group of banks. Wikipedia

Question 27

policy adoption

Answer 27

Policy adoption is the third phase of the policy process in which policies are adopted by government bodies for future implementation.

Question 28

policy evaluation

Answer 28

Policy evaluation applies evaluation principles and methods to examine the content, implementation or impact of a policy

Question 29

policy formulation

Answer 29

Definition of Policy Formulation. Let us again start with the consideration of a definition: Policy formulation is the development of effective and acceptable courses of action for addressing what has been placed on the policy agenda.

Question 30

policy implemenation

Answer 30

As a general concept policy implementation can be defined as the third stage of policy cycle its means the stage of the policy process immediately after the passage of a law, or the action that will be taken to put the law into effect or that the problem will be solved.

Question 31

public policy

Answer 31

the principle that injury to the public good is a basis for denying the legality of a contract or other transaction.

Question 32

recession

Answer 32

A slowdown in economic activity, officially defined as a decline that persists for two quarters (six months)

Question 33

redistributive policies

Answer 33

A policy requirement whereby the government reallocates the wealth from one group in society to another group. It involves the direct provision of benefits to citizens through social programs such as welfare.

Question 34

regulatory policies

Answer 34

In addition to fiscal and monetary policies, a government affects the economy through regulatory policy, which aims to limit what can be done in the marketplace.

Question 35

reserve requirements

Answer 35

The reserve requirement is a central bank regulation employed by most, but not all, of the world’s central banks, that sets the minimum amount of reserves that must be held by a commercial bank.

Question 36

social security act

Answer 36

the 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

systematic agenda

Answer 37

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