Question
click below
click below
Question
Normal Size Small Size show me how
Ap gov chapter 12
Question | Answer |
---|---|
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. |