public policy Flashcards
Results when federal expenditures exceed federal revenues for a one year period
Budget deficit
Support from both parties for policy
Bipartisanship
The federal government’s practice of spending more money than it takes in
Deficit spending
Elimination of federal regulations on private companies
Deregulation
Federal benefit payments to which recipients have a legal right
Entitlements
Another name for entitlements
Uncontrollables
Taxing and spending policies
Fiscal policy
Requiring that those who recurve federal benefits show a need for them
Means testing
Federal Reserve Board’s regulation of the supply of money in circulation
Monetary policy
Total debt owed by the federal government due to past borrowing
National debt
Another name for national debt
Public debt
Federal financial aid to individuals
Subsidy
Who controls majoritarian politics?
Large blocks of voters
Large part of society benefits while a small part pays the price
entrepreneurial policy
