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AP Gov flashcards

Unit #8: Public Policy

TermDefinition
Bipartisanship support from both parties for policy (eg. a bipartisan foreign policy)
Budget deficit results when federal expenditures exceed federal revenues for a one year period
Deficit spending the federal governments practice of spending more money than it takes in as revenues
Deregulation elimination of federal regulations on private companies
Entitlements federal benefit payments to which recipients have a legal right (eg. Social Security. Also known as uncontrollables)
Fiscal Policy taxing and spending policies
Means testing requiring those who receive federal benefits show a need for them
Monetary Policy Fed Reserve Boards (or Feds) regulation of the supply of money in circulation
National debt total debt owed by the fed government cause of past borrowing. Also known as public debt
Subsidy federal financial aid to individuals (eg. welfare, food stamps, agricultural subsidies)
Created by: aly01
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