AP Gov't Unit 5
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Created by:
KassDelgado on January 15, 2011
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10 terms
Terms | Definitions |
|---|---|
 Bipartisanship | support from both parties for policy, e.g., a bipartisan foreign policy. |
| Budget Deficit | 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. |
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