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24 terms

Public Policy (part 2)

STUDY
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Distributive Policies
Government policies designed to confer a benefit on a particular institution or group.
Fiscal Policy
Taxing and spending policies prescribed by Congress and the president
The Federal Reserve
Nation's central banking system. Controls monetary policy (interest rates)
National Deficit
the amount of money the federal government spends beyond what it gathers in taxes
Supply-side economics
Policymaking focusing on lowering the barriers to production
Liberalism
The idea that national interests are best secured by building alliances and making conflict more costly than cooperation.
Diplomacy
Involves the use of incentive and determines to influence the behavior of other nations
Effectiveness
accomplishing tasks that help fulfill organizational objectives
Policy Outcome
Consequences of policy actions
Focusing Events
Moments that capture attention and highlight the existence of a problem.
Policy Evaluation
Determining whether policy is equitable, efficient or effective
Rational Perspective
Policy choices made by carefully weighing costs benefits of action
Means-Test Program
Cash or in-kind benefits to folks who qualify as having little income.
Social Security
...An act passed in 1935 gave government-payed pensions to American citizens over the age 65 as well as provided help for the unemployed, the disabled, and the needy.
In-kind benefits
goods and services provided for free or at greatly reduced prices
Merit Pay
Increases in an employee's basic wage level based on performance levels
Inflation
increased prices for goods and services combined with the reduced value of money
Monetary Policy
The management of the money supply and interest rates
Progressive taxes
A tax rate that increases as the amount of ones income increases
National Debt
the debt of the national government (as distinguished from the debts of individuals and businesses and political subdivisions)
Gross Domestic Product
the sum total of the value of all the goods and services produced in a nation
Foreign/Defense Policy
-Foreign(strategiesfor dealing with foreign nations.)
-Defense(The decision about scale/use of military force for national security. )
Idealism
The idea that values such as democracy and freedom promote our national interest.
Nongovernmental Organization
an organization that is not part of the local or state or federal government