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10 terms

AP Gov't Unit 5

STUDY
PLAY
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.