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AP GOPO Unit 7
HUraje AP GOPO Unit 7
Question | Answer |
---|---|
Bipartisanship | Support from both parties for policy,e.g., a bipartisan foreign policy |
Budget Deficit | Results when a federal expenditure exceeds federal revenues for a one year period |
Deficit Spending | The federal government's practice of spending more money that 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 uncontollables |
Fiscal Policy | Taxing and spending policies |
Means Testing | Requires those who receive federal benefits show a need for them |
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 |
Subsidy | Federal financial aid to individuals, e.g.,welfare,food stamps, agricultural subsidies |