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Terms in this set (28)
If the government spends more money than it collects in taxes.
Public plans or courses of action that concern internal issues of national importance, such as poverty, crime, and the environment.
Federal Open Market Committee
The most important monetary policy-making body of the Federal Reserve System responsible for developing monetary policies to promote economic growth, full employment, and stable prices
Federal Reserve System
A national banking system, established in 1913, that controls the U.S. money supply and the availability of credit in the country.
A government policy for dealing with the budget (especially with taxation and borrowing)
Gross Domestic Product
The dollar amount of all final goods and services produced within a country's borders in a year.
Gross Public Debt
the net public debt plus inter-agency borrowings within the government
The number of persons held in jail or prison for every 100,000 persons in a particular population group.
A general increase in prices
A school of economic thought that tends to favor active federal government policy making to stabilize economy-wide fluctuations, usually by implementing discretionary fiscal policy.
A legal method by which individuals and businesses are allowed to reduce the tax liabilities they owe to the government.
loose monetary policy
Monetary policy that makes credit inexpensive and abundant, possibly leading to inflation.
A federal health-insurance program that covers U.S. residents over the age of sixty-five. The costs are met by a tax on wages and salaries.
A federal and state assistance program that pays for health care services for people who cannot afford them
Government policy that attempts to manage the economy by controlling the money supply and thus interest rates.
The danger that protecting an individual or institution from the consequences of failure will encourage excessively risky behavior.
net public debt
The accumulation of all past federal government deficits; the total amount owed by the federal government to individuals, business, and foreigners.
In health-care reform, the requirement that all citizens obtain health-care insurance coverage from some source, public or private
Patient Protection and Affordable Care Act
A law passed in 2010 that seeks, among other things, to ensure health-care insurance for American citizens. The act is supplemented by the Health Care and Education Reconciliation Act and nicknamed "Obama care" by opponents and journalists
A tax that rises in percentage terms as incomes rise
Public debt, or national debt
The total amount of debt carried by the federal government
In health-care reform, a government-run health-care insurance program that would compete with private-sector health-insurance companies
Two or more successive quarters in which the economy shrinks instead of grows
A tax that falls in percentage terms as incomes rise
tight monetary policy
Monetary policy that makes credit expensive in an effort to slow the economy
U.S. Treasury securities - bills, notes, and bonds. Debt issued by the federal government
The inability of those who are in the labor force to find a job; the number of those in the labor force actively looking for a job, but unable to find one.
Universal health insurance
Any of several possible programs to provide health insurance to everyone in the country. The central government does not necessarily provide the insurance itself, but may subsidize the purchase of insurance from private insurance companies.
THIS SET IS OFTEN IN FOLDERS WITH...
Political Science Ch 4
Political Science Ch 5
Political Science Ch 7
Political Science Ch 8
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