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40 Cards in this Set

  • Front
  • Back
Public Policy
a general plan of action adopted by the government to solve a social proble,
Distributive Policies
Government policies designed to confer a benefit
Redistributed Policies
polices that take government resources and transfers them from one sector of society to another.
Regulation
Rules that guide the operation of government programs and business markets.
Agenda Setting
the state of the policymaking process during which problem get defined as political issues.
Policy Formulation
the stage of the policymaking process during which formal propoals are developed and adopted
Implementation
the process of putting specific policies into operation
Policy Evaluation
anlysis of public policy so as to determine how well it is working
Feedback
Information recieved by policy makers about the effectiveness of public policy.
fragmentation
attacking a problem in differnet and sometimes competing ways.
Issue Network
a shared knowledge group consisting of representatives of various interests involved in some particular aspect of public policy.
Monetary Policies
policies that control the supply of money.
Inflation
price increases linked to a decrease in the value of the currency.
Deficit Financing
inject extra money into the economy
Council of Economic Advisers
(CEA)
a group that works within the ecevutive branch to provide advice maintaining a stable economy.
Federal Reserve System
the system of banks that acts as the cntral bank ofd the United States and controle monetary policies.
Fiscal Year
The 12 mth period used by the goverment for accounting purposes.
Budget Authority
The amounts that government agencies are authorized to spend for their programs.
Budget Outlays
the amounts that government agencies are ecpected to spend in the fiscal year.
Reciepts
the amount expected or obtained in taxes an other revenues.
National Debt
the accumulated sum of past government borrowing that remains to be paid.
Office of Management and Budget (OMB)
The budgeting arm of the Executive Office; prepares the president's budget.
Tax Committees
the two committees of Congress responsible for raising the revenue with which to run the government
Authorization Committees
committees of Congress that can authorize spending in their particular areas of responsibility.
Appropriations Committees
Decides which committes will actually be funded.
Budget Committees
One committee in each house of Congress that supervises a comprehensive budget review process.
Congressional Budget Office
The budgeting arm of Congress
Gramm-Rudman
sought to lower the national defecit to a level each year.
Budget Enforcement Act
A 1990 law that distinguised between mandatory and discretionary spending.
Discretinary Spending
authorized expenditures from annual appropriations.
Entitlement
legal right that the government cannot deny.
Pay As You Go
any tax cut or expansion of entitlement program must be offset by a tax increase or other savings.
Balanced Budget Act
A 1997 law that promised to balance the budget by 2002.
Progressive Taxation
a system of taxation wherby the rich pay higher taxes than the poor; used by the government to redistribute wealth and promote equality
Incremental Budgeting
a method od budget making that involves adding new funds
Uncontrollable Outlay
a payment that government must make by law.
Social Sercurity
orvides economic assistance to peopele faced with unemplyment, disability or old age.
Social Security Act
The law that provided for social security and is the basis of modern American social welfare.
Medicare
health insurance program for pepople older then 65.
Medicaid
A need based comprehensive medical and hospitalizaton program.