AP Govt - AMSCO Ch 11

A list of potential policy ideas, bills, or plans to improve society.

• Agenda

• Fiscal Policy

• Monetary Policy

• Discount Rate

The part of economic policy that is concerned with government spending and taxation.

• Fiscal Policy

• Agenda

• Monetary Policy

• Reserve Requirement

The belief that government should leave as much of the money supply as possible with the people, letting the laws of the marketplace (such as supply and demand) govern the market. Also known as laissez-faire or free-market theory.

• Supply-Side Economics

• Keynesian Economics

• English Economics

• Australian Economics

Allows Congress to tax people’s incomes.

• 16^th Amendment

• 19^th Amendment

• 15^th Amendment

• 18^th Amendment

Oversees the collection process of income taxes.

• Internal Revenue Service (IRS)

• Social Welfare

• Medicaid

• Progressive Tax

One’s tax rate increases as one’s income increases. (The tax rate of the rich is highest than the tax rate of the poor.)

• Progressive Tax

• Flat Tax

A tax rate that is the same for all people, regardless of income level.

• Flat Tax

• Progressive Tax

How the government manages the supply and demand of its currency and thus the value of the dollar.

• Monetary Policy

• Fiscal Policy

• Inflation

• Progressive Tax

Rising prices and devaluation of the dollar.

• Inflation

• Deflation

Created in 1913 to manage the money supply.

• Federal Reserve Board

• Bonds

• Internal Revenue Service (IRS)

• Fiscal Policy