Us Gov. Unit 4

Front 1

If the economy was in a Depression, what can the government do to help the economy?

Back 1

Deficit Spending or other fiscal policies

Front 2

what does deficit spending do to the economy?

Back 2

it primes the economic pump;

Hint 2

governement spendign puts money into the economy to get jobs and money out of it.

Front 3

When is the only time the Government should run deficits?

Back 3

Only during BAD TIMES.

Hint 3

hmm..... running deficits pumps money into the economy therefore producing jobs and money.

Front 4

What should the government run during good times in the economy?

Back 4

SURPLUSES!

Hint 4

In good times.. the government would be prospering.. and therefore.. have money left over.. called.. ______. :-)

Front 5

The overall goal of running surpluses and deficits is what?

Back 5

So over the long run the budget will be balanced.

Front 6

Who was the first 0% guy?

Back 6

Paul Volcker

Hint 6

1st ___ ______ .. then Alan Greenspan.. then Ben Bernanke

Front 7

The founder of Monetarist economic school

Back 7

Milton Friedman

Hint 7

chicken ____ steak... ??

Front 8

Inflation/recession is measured by what?

Back 8

CPI- Consumer Price Index

Hint 8

_ _ _ .. no hint

Front 9

Fiscal stimulus

Back 9

government spending" "

Front 10

Use budget deficits as a _______ to .. ?

Back 10

Trojan Horse
force program cuts in the future

Front 11

Stagflation is?

Back 11

Inflation without growth

Front 12

Reagan reigned from what year to what year?

Back 12

1981-1988

Front 13

Tax cuts of 25% over 3 years were called what?

Back 13

Kemp/Roth tax cuts

Front 14

what the idea behind Kemp/Roth tax cuts?

Back 14

Encourage people to work harder, produce, save, invest more and EXPAND THE ECONOMY.

Front 15

Reagan claimed to be following ______ lead and had congress lower marginal income tax rates from what max? and yaer

Back 15

JFK's 1962 lead

1982 - year mitr's max was dropped from 70% to 50%.

Front 16

Clint's two new rates were ____ and _____?

Back 16

36% and 39.6%
only gross adjusted 1993 incomes over $250K were taxed at 39.6 in 1993.

Front 17

In 1986, the highest rate would go down to ___ with only two other rates of ___ and ___ .

Back 17

Highest = 31%
only other two rates of 28% and 15%

Hint 17

one of the numbers is x-13=y
and the reverse of the difference of x and y is the highest

Front 18

2005 Tax returns the highest rate is ___ for people over ______ income

Back 18

35% for people over 326000

Front 19

SINCE THE MID 1990'S the acceptable inflation rate has been:

Back 19

2 to 4 PERCENT!.. KNOW THIS

Hint 19

YOU BETTER KNOW THIS YOU SON OF A BITCH!!

Front 20

Acceptable Unemployment rates are what?

Back 20

5-7 PERCENT.. KNOW THIS TOO!

Hint 20

A HOLE

Front 21

Gross Domestic Product is what?

Back 21

The value of all goods and services produced in the US in 1 year

Front 22

What amount of money is produced from GDP in one year?

Back 22

about 11 TRILLION DOLLARS!!

Front 23

Gor GOod GOb Greation, what should be at what percentage?

Back 23

The GDP should be above 3% for good job creation.

Front 24

Supply siders such as _______ influenced Reagans rational expectations decision

Back 24

Laffer. His supply side curve biggest tax cuts go to rich b/c they produce jobs and trickle opportunity down.

Front 25

Reagan had 3 rates or __ __ and __ , Clinton added two rates of __ and __.

Back 25

Reagan - 15, 28 and 31
Clinton added - 36% and 39.6%

Front 26

Bush (2006) altered these tax rates with __ __ __ __ __ __ .

Back 26

15,25,28,33 and 35!!!
get to memorizin mo fo.

Front 27

KEYNES is associated with what?

Back 27

Proposing the countercyclical measures involving Government Spending.

Front 28

Keynesian deficit spending is also associated with:

Back 28

the phrase "priming the economic pump"

Hint 28

water ___
_____ing water out of a pond.

Front 29

Volcker served as FED from when to when?

Back 29

1979 to 1987

Front 30

Reagans economic expansion began when?

Back 30

January of 1983

Hint 30

the year your bro was born.

Front 31

What year did the Bush-Clinton expansion begin?? huh? huh? do you kno that??

Back 31

From March 1991 to March 2001

Front 32

Maintaining world order refers to what situations

Back 32

overthrowing saddam
trying to kill:
khadafy/Bin Laden
nuke proliferation N.Korea/iraq

Front 33

Marshall Plan: from when to when and which plans to promote free trade?

Back 33

To rebuild Europe from 1949 to 1952
GATT/NAFTA/WTO

Front 34

What and when was this group formed to deter the Soviet's aggression into Western Europe?

Back 34

1949, NATO

Front 35

Corollary

Back 35

Roosevelt

Hint 35

duh!

Front 36

Failed the League of Nations

Back 36

Wilson

Hint 36

Oklahoma

Front 37

Kennan containment policy

Back 37

TRUMAN

Hint 37

it's a show

Front 38

NATO(1945) and signed into UN in SF, HQ in NY

Back 38

Truman

Hint 38

prickly hair

Front 39

Marshall Plan

Back 39

truman

Hint 39

Ma= 2nd to last 2 letters..
_____ _ _ n

Front 40

Massive Retaliation Creator

Back 40

Eisenhower

Hint 40

einstien

Front 41

CIA

Back 41

Eisenhower

Hint 41

covert ops n groovy stuff like that

Front 42

above ground test ban treaty

Back 42

Kennedy

Hint 42

_ F _

Front 43

Hotline to Moscow

Back 43

Kennedy

Front 44

Negotiated GATT changing economic policy

Back 44

Kennedy

Front 45

Changed eisenhower's MASSIVE RETALIATION TO FLEXIBLE RESPONSE

Back 45

kennEDy

Hint 45

@*#klJDf )

Front 46

Vietnam on his mind

Back 46

Johnson

Front 47

Containment Policy to justify presence

Back 47

johnson

Front 48

Troops to Domincan Republic - Roosevelt Corollary

Back 48

Johnson

Front 49

Opening to China 1971/ MAD/ SALT I?

Back 49

NIXON

Front 50

Changed eisenhower's MASSIVE RETALIATION TO FLEXIBLE RESPONSE

Back 50

kennEDy

Hint 50

@*#klJDf )

Front 51

Vietnam on his mind

Back 51

Johnson

Front 52

Containment Policy to justify presence

Back 52

johnson

Front 53

Troops to Domincan Republic - Roosevelt Corollary

Back 53

Johnson

Front 54

Opening to China 1971/ MAD/ SALT I?

Back 54

NIXON

Front 55

opening to China-1971/ MAD-mutually assured destruction policy. SALT I-forbade dev. Of comprehensive missile defense system.

Back 55

NIXON

Front 56

Vietnam on his mind/ containment policy to justify presence there/ troops to Dominican Republic- make sure our president won there – the Roosevelt corollary

Back 56

Johnson

Front 57

passed panama canal 1978/Camp David agreements (1980)/encouraged Egypt-Israel sign peace treaty/finished Nixon’s opening to china by exchanging ambassadors with commy china (1978)/ LET America hostages be in Iran for 444 days

Back 57

Carter

Front 58

FACE down EVIL EMPIRE (Soviet Union) /hurried to build SDI policy intimidate sovs/Negotiated INF-Intermediate Nuclear Force/75-1500mile range/ orbachev:zero option with on-site inspection/ Goldwater-Nichols act

Back 58

Reagan

Front 59

Berlin wall/ Removed Noriega from Panama/assembled Gulf War Coalition

Back 59

BUSH 1

Front 60

Promoting economic foreign policy: GATT/NAFTA/military force in Bosnia, Haiti, Kosovo / promote peace efforts in Middle East & N. Ireland

Back 60

CLINTON

Front 61

Aftermath of 9/11/ Axis of Evil:Iran,Iraq & N. Korea/ Iraq ex. Of “preemptive” war

Back 61

BUSH2