AP Gov Unit 5

What is fiscal policy?

• not spending any money in government
• spending too much money in government
• not spending enough money in government
• use of the federal budget---taxing,spending, and borrowing---to influence the economy

What is Laissez-faire?

• emphasizing that government spending and deficits can help the economy weather its normal ups and downs
• the way that government officials are appointed
• that the less the government is involved in the economy, the better off businesses will be
• a type of impeachment

What is Keynesian economics?

• theory emphasizing that government spending and deficits can help the economy weather its normal ups and downs

• theory that the less you spend, the better the economy will do

• theory that they more you spend, the better the economy will do

• theory that the government should not interfere with business

True of False: Food Stamps are an example of social policymaking?

• False

• True

What is an entitlement program?

• provides benefits only to those that fill out many forms and paperwork

• Provide benefits only to people with specific needs

• Provide benefits to individuals regardless of need

What is a means-tested programs?

• Provide benefits only to people with specific needs

• Provide benefits to individuals regardless of need

• provides benefits to individuals only if they have been tested

• provides benefits to individuals only if they have the means

Progressive Taxation

• Takes a bigger portion of taxes from the rich than from the poor
• Takes the same percentage from everyone
• Takes a higher percentage from those at lower income levels
• takes no taxes

Proportional Taxation

• Takes a higher percentage from those at lower income levels
• Takes a bigger portion of taxes from the rich than from the poor
• takes no taxes
• Takes the same percentage from everyone

Regressive taxation

• Takes a higher percentage from those at lower income levels
• takes no taxes
• Takes the same percentage from everyone
• Takes a bigger portion of taxes from the rich than from the poor

What did the Social Security Act of 1935 do?

• created lower taxes on the poor
• created both the Social Security Program and a national assistance program for poor families, usually called Aid to Families with Dependent Children
• created both the Social Security Program and a national assistance program for poor families, usually called Aid to Families with Independent Children
• helped the poor get more money