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AP Gov Unit 4B Vocab
| Term | Definition |
|---|---|
| Budget deficit | results when federal expenditures exceed federal revenues for a one-year period |
| Bureaucracy | departments, agencies, bureaus, and commissions in the executive branch of government |
| Deficit spending | the federal government's 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 (E.g., Social Security) Also known as uncontrollables |
| Fiscal policy | taxing and spending policies |
| Impoundment | refusal of a President to spend money that has been appropriated by Congress |
| Means testing | requiring that those who receive federal benefits show a need for them |
| Merit system | system of hiring federal workers based upon competitive exams |
| Monetary policy | Federal Reserve Board's regulation of the supply of money in circulation |
| National debt | total debt owed by the federal government due to past borrowing. Also known as the public debt |
| Patronage | power to appoint loyal party members to federal positions |
| Political appointees | those who have received presidential appointments to office. Contrast with Civil Service employees, who receive federal jobs by competitive exams |
| Red tape | complex rules and procedures required by bureaucratic agencies |
| Spoils system | the practice of a political party giving public office to its supporters |