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25 Cards in this Set
- Front
- Back
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Legitimacy |
The belief that the government should have the authority to rule. often conferred by a constitution |
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Insurance program |
A self financing government program based on contributions that provide benefits to unemployed or retired persons |
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assistance program |
A government program financed by general income taxes that provides benefits to poor citizens without requiring contribution from them |
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means test |
an income qualification program that determines whether one is eligible for benefits under government programs reserved for lower income groups |
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deficit |
planned overspending |
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debt |
total money borrowed to compensate for debt over the years |
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Gross domestic product |
The total of all goods and services produced in the economy during a given year |
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Keynesianism |
The belief the Government must manage the economy by spending more money when in a recession and cutting spending when there is inflation |
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economic planning |
The belief that government plans, such as wages and price controls or the direction of investment, can improve the economy |
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supply-side theory |
The belief that lower taxes and fewer regulations will stimulate the economy |
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monetary policy |
managing the economy by altering the supply of money and interest rates |
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fiscal policy |
managing the economy by the use of tax and spending laws |
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budget |
A document that states tax collections, spending levels, and the allocation of spending among purposes |
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budget resolution |
A congressional decision that states the maximum amount of money the government should spend |
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entitlements |
A claim for government funds that cannot be changed without violating the rights of the claimant |
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sequester |
automatic spending cuts |
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discretionary spending |
spending that is not required to pay for contracts, interest on the national debt, or entitlement programs such as Social Security |
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Worldviews |
A comprehensive opinion of how the United States should respond to world problems |
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isolationism |
The opinion that the United States should withdraw from world affairs |
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containment |
The believe that the United States should resist the expansion of aggressive nations, especially the former Soviet union |
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polarization |
A deep and wide conflict over some government policy |
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military industrial complex |
in alleged alliance between military leaders and corporate leaders |
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cost overruns |
when the money actually paid to military suppliers exceeds the estimated costs |
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bipolar world |
a political landscape with two superpowers |
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unipolar world |
A political landscape with one superpower |
