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90 Cards in this Set

  • Front
  • Back

sudden, impulsive, and seemingly unmotivated notion or action

capricious

what the public thinks about a particular issue or set of issues at any given point in time

public opinion

interviews or surveys with a sample of citizens who are used to estimate public opinion

public opinion poll

method of selection that gives each potential voter the same chance of being selected

random selection

vote with non-binding results


test vote

straw poll

type of polls which approval rating tracking and population number tracking fall under

tracking polls

first look at a poll from any certain day

exit polls

focus group


sometimes to figure out business

deliberative poll

when voters rally to the perceived leading candidate

bandwagon effect

when voters rally to the perceived trailing candidate

underdog effect

when the name of a place or city is used to denote an industry or government establishment

metonymy

organization that has a hierarchy structure of members who attempt to influence the same area of public policy

interest group

type of interest groups which ACLU, Sierra Club, and Greenpeace fall under

public interest groups

type of interest groups which NOW, NRA, and NAACP fall under

private interest groups

type of interest groups which unions/industries like the Teamsters, UAW, and UFW fall under

economic interest groups

largest interest group to date

american association of retired persons (AARP)

activities of interest groups that seek to influence public policy

lobbying

legal limits on money given directly to a candidate for an election by an individual

hard money

federal hard money limit for the 2016 election

$2,700 per candidate, per election

weakness of campaign laws which circumvents legal restriction or is funneled through political parties

soft money

weakness of campaign laws which is taken advantage of by combining individual checks within the legal limit, but noted as being from an org.

bundling

political ads independently produced by a donor, without direct contact with or influence from the candidate who is the focus of the ad

advocacy ads

three weaknesses of campaign laws

1) soft money


2) bundling


3) advocacy ads

federally registered committee that represents an interest group in the political process through campaign donations

political action committees (PAC's)

PAC that doesn't have any limits but can't coordinate directly with candidates or parties

super-PAC

tax-exempt groups created to raise money for political activities

527 groups

the informal and temporary set or relationships that exists among interest groups with a common goal

issue network

pressure group activity to involve those people at the bottom level of the political system

grassroots lobbying

attempt by interest groups to influence public policy in the guise of a grassroots movement

astroturfing

when a former government official leaves his job, only to become a lobbyist

revolving door

metonymy that represents the lobbying industry

k street

two advantages of interest groups

1) promotes interests


2) provide education

two disadvantages of interest groups

1) undue influence


2) weakens political parties



fluctuations between expansion and recession which is a part of modern capitalistic economies

business cycle

two types of state involvement

1) laissez-faire


2) interventionist state

state involvement style of the U.S.

mixed approach

rise in the general price levels of the economy

inflation

inflation is the product of

an overheated economy

short term decline in the economy that occurs as investment sags, production falls off, and unemployment increases

recession

situation in which there is economic growth, rising national income, high employment, and steadiness in the general level of prices

economic stability

federal government policies on taxes, spending, and debt management

fiscal policy

who fiscal policy is controlled by

congress and the president

federal government policies regulating the nation's money supply and interest rates

monetary policy

who monetary policy is controlled by

the federal reserve system (fed.(s))

three types of taxes

1) progressive


2) regressive


3) flat

type of tax under which the more you make, the higher percentage you must pay

progressive tax

type of tax under which the more you make, the lower percentage you must pay

regressive tax

type of tax under which everyone must pay the same percentage

flat tax

amendment which authorizes congress to collect income tax

16th amendment

average percentage of the normal american's income which goes to all forms of taxes paid

35-40%

when you spend more than you have

deficit

when you have more than you spend

surplus

when you spend as much as you have

balance budget

all deficits added together

debt

national debt of the U.S.

$20.5 trillion

country which holds the most debt

china

estimated federal revenue of 2017

$3.3 trillion

estimated federal expenditure of 2017

$4 trillion

federal reserve system's agency type

independent government agency

number of members in the federal reserve system

7 members

how members of the federal reserve system are elected

1) nominated by the president


2) confirmed by senate

term length for federal reserve system members

14 years

how often a chairman of the federal reserve system is appointed

every 4 years

three of the fed's methods used to control monetary policies

1) reserve requirements


2) discount rate


3) open market operations

index measuring inflation

consumer price index (CPI)

migration of services to an external provider

outsourcing

total market value of all final goods and services produced in a country in a given year

gross domestic product (GDP)

U.S.'s GDP of 2017

$19.4 trillion

stock index based on the weighted value of 30 blue chip stocks (worth 25,000 points)

dow jones

three major stock indexes

1) dow jones


2) s and p 500


3) nasdaq

government program designed to enhance individuals' quality of life

social welfare

two categories of social welfare

1) social insurance


2) public assistance

health insurance for the elderly

medicare

taxes to pay for social security and medicare

federal insurance contributions act (FICA) tax 2018

percentage of income paid to FICA

7.65% for the first $128,400 of gross wages

year which social security is estimated to collapse

2034

why social security is going to collapse

the trust will be depleted, so it won't be able to fund itself

three tax deferred retirement plans

1) individual retirement accounts (IRA)


2) 401(k)


2) s and p 500

full name of the public assistance program known as WIC

women, infants, and children assistance

health coverage for the poor

medicaid

full name of the public assistance program known as SNAP

supplemental nutrition assistance program

program that establishes eligibility based on a certain income level

means-tested

type of social welfare which social security, medicare, disability, unemployment insurance, and workman's comp fall under

social insurance

type of social welfare which WIC, medicaid, and food stamps/SNAP fall under

public assistance

levels of defining poverty established by the department of health & human services

poverty rate

poverty level in 2017

$25,100 for a family of 4

percentage of american children which fall under the poverty level ("the forgotten 4")

21%

percentage of all american people which fall under the poverty level

15%

current federal minimum wage

$7.25/hr.

current california minimum wage (for employers with over 25 employees)

$11.00/hr.