Unit 5-Public Policy
Order by
10 terms
Terms | Definitions |
|---|---|
 Bipartisanship | support from both parties for policy, e.g., a bipartisan foreign policy. |
| Budget deficit | results when federal expenditures exceed federal revenues for a one year period. |
| Deficit spending | : the federal government's practice of spending more money than 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 uncontrollables |
| Fiscal policy | taxing and spending policies |
| Means testing | requiring that 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 |
First Time Here?
Welcome to Quizlet, a fun, free place to study. Try these flashcards, find others to study, or make your own.