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Government

Final Exam Review

QuestionAnswer
Two government entities that oversee the federal budget and taxation Congress President
Parts of the US government that does fiscal policy implementation Legislative Branch Executive Branch
Parts of the US government that does monetary policy implementation Federal Reserve
Government policy regarding taxing and spending Fiscal Policy
Combination of economic slowdown (stagnation) and high inflation; slow or zero economic growth, high unemployment and rising prices Stagflation
An increase in the overall price level of goods and services produced in an economy Inflation
Central bank policy aimed at regulating the amount of money in circulation; money supply Monetary Policy
A policy designed to lower inflation and cool an overheated economy by cutting government spending, increasing taxes, or both Contractionary fiscal Policy
A policy designed to promote economic activity by increasing government spending, cutting taxes, or both Expansionary Fiscal Policy
Central Bank of the United States Federal Reserve
Amount of tax paid by an individual/company as a portion of total income and how it impacts affordability of basic necessities Tax Burden
A policy or action designed to promote business activity and stimulate economic growth Economic Stimulus
Spillover effects resulting from production or consumption. They are costs or benefits that affect someone other than the producer or consumer of a good or service. Externalities
A unit of government created to set and enforce standards for a particular industry or area of economic activity Regulatory Agency
The process of removing government restrictions on firms in order to promote competition or encourage economic activity Deregulation
The establishment, by the government, of rules aimed at influencing the behavior of firms and individuals. It can involve setting prices, establishing product and workplace standards, and limiting entry into an industry. Regulation
Tax that is assessed regardless of income, in which low- and high-income earners pay the same dollar amount Regressive Tax
A tax that takes the same share of income at all income levels Proportional (flat) Tax
One where the average tax burden increases with income Progressive Tax
Ideology is based on environmentalism Green Party
More likely to have liberal views, support government regulation of business, favor regular increase in minimum wage Democratic Party
Has an ideology that advocates government controlled economy and democracy as a governing principle American Socialist Party
Formed to oppose or promote one issue Single issue party
Has an ideology based on a strong belief in personal freedom; tend to be conservative on economic issues and liberal on social issues. Libertarian party
More likely to have conservative views, be opposed to excessive business regulations, oppose minimum wage Republican
A person or party that aligns with an ideology favoring a limited role for government and more private initiative by nongovernmental groups in efforts to solve society’s problems Conservative
A political system in which two parties dominate the electoral process and control the government Two Party System
Person or party that aligns with an ideology favoring an active role for government in efforts to solve society’s problems Liberal
The means of communication, like radio, newspaper, news broadcasts, internet news, podcasts, magazines Media
A plan or course of action initiated by government to achieve a stated goal Public Policy
A political party’s statement of principles and objectives Platform
An organization that seeks to achieve power by electing its members to public office Political Party
Any organized group whose members share a common goal and try to promote their interests by influencing government policymaking and decision making Interest Group
Political Process Actions Voting, Join an interest group, Protesting, Donating money to a cause
Public Policy Actions City council vote on a downtown parking policy, Ohio governor signing an executive order, Congress voting to pass a treaty, Ohio congress changes the driving age to 21
A formal expression of opinion or choice made by an individual in an election Define vote
Actions by individuals or groups to influence government policy Political Process
Ask in writing formally, can be one signed by many people, appealing to authority with respect to a cause Petition
A public display/event expressing an attitude/belief toward an issue/matter, can include picketing, parading, sitin, etc Demonstration
A plan or course of action initiated by government to achieve a stated goal Public Policy
A person who performs a service willingly and without pay; and example is cleaning or working for a charity unpaid Volunteer
An event/movement used to generate financial support for a charity or other cause (not a business) Fundraiser
Promoting the quality of life in a community, through both political and non-political processes, includes paid and unpaid forms of political activism, environmentalism, and community & national service Civic Engagement
Properly order the extension of suffrage or removal of voting obstacles for minorities from 1870 to present, starting with the oldest event Extends the vote to African American Males, including former slaves. Extends the right to vote to women. Voting rights Act protects the voting rights of African Americans. Lowers the voting age to 18.
To treat a person or group as unimportant Marginalized
Guarantees of equal rights and equal treatment under the law, such as trial by jury and voting rights Civil Rights
The idea that decisions approved by more than half of the people in a group or society will be accepted and observed by all of the people Majority Rule
A legal process through which a person not granted citizenship by birth can become a citizen of that country Naturalization
The status of being a citizen, a person who by birth or naturalization enjoys certain rights and has certain duties in a nation-state Citizenship
The attitude, spirit, and willingness of people to engage together in civic activities; the connections and bonds that people can draw on to solve common problems Social Capital
Created by: Tyra Taylor
Popular American Government sets

 

 



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