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Political idelogoy
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Ap gov chapter 12

QuestionAnswer
Political idelogoy an individual’s coherent set of beliefs about government and politics.
Right something guaranteed, that the government cannot take away.
Privilege something something a person may obtain or receive, but that the government can take
Party ideology a party’s philosophy about the proper role of government and its set of positions on major iss
Party identification an individual’s attachment to a political party
Conservartion an ideology favoring more control of social behavior more, fewer regulations on businesses, and less government interference in the econ
Liberalism ideology favoring less government control over social behavior and more greater regulation of businesses and of the economy.
Libertarianism an ideology favoring very little government regulation and intervention beyond protecting private property and individual libert
Laissez faire economy economic policy in which governments intrude as little as possible in the economic transactions between citizens and businesses.
Command and control economy economic policy in which government dictates much of a nation’s economic activity, including the amount of production and prices for go
Mixed economy economic policy in which many economic decisions are left to individuals and businesses, with the government regulating economic acti
Gross domestic product total value of goods and services produced by an econom
Economic reccesion period of decline in economic activity, typically defined by two consecutive quarters of negative GDP grow
Unemployment rate percentage of people actively looking for work who cannot find jo
Inflation The rise of prices of goods and services
Consumer price index cost of a fixed basket of goods and services over time, used to measure the cost of liv
Fiscal policy government use of taxing and spending to attempt to lower unemployment, support economic growth, and stabilize the econo
Federal reserve system board of governors, Federal Reserve Banks, and member banks responsible for monetary p
Monetary policy set of economic policy tools designed to regulate the amount of money in the econo
Medicare federal program that provides health insurance to seniors and the disa
Medicaid federal program that provides health care for the poor.
Created by: Akko
 

 



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