APGOV Ch. 16 Quiz

An income qualification program that determines whether one is eligible for benefits under government programs reserved for lower-income groups.

• Limited Government

• Party Platform

• Polarization

• Means Test

The belief the government must manage the economy by spending more money when in a recession and cutting spending when there is inflation.

• Keynesian Economics

• Supply-Side Economics

• Monetary Policy

• Fiscal Policy

Economic theory that lower taxes and fewer regulations will stimulate the economy as businesses and individuals invest their money, thereby creating higher tax revenue.

• Keynesian Economics

• Supply-Side Economics

• Monetary Policy

• Fiscal Policy

Managing the economy by the use of tax and spending laws.

• Keynesian Economics

• Supply-Side Economics

• Monetary Policy

• Fiscal Policy

Managing the economy by altering the supply of money and interest rates.

• Keynesian Economics

• Supply-Side Economics

• Monetary Policy

• Fiscal Policy

A claim for government funds that cannot be abridged without violating the rights of the claimant; for example, social security benefits or payments on a contract.

• Entitlements

• Mandatory Spending

• Discretionary Spending

• Pork-Barrel Legislation

Spending on certain programs that is mandated, or required, by existing law, can not be adjusted by the President and Congress in a given budget year.

• Entitlements

• Mandatory Spending

• Discretionary Spending

• Pork-Barrel Legislation

An independent agency of the federal government established in 1913 to regulate the nation's banking, financial industry, and monetary policy.

• Federal Reserve Board

• Iron Triangle

• Public Policy

• Policy Entrepreneurs

A document that states tax collections, spending levels, and the allocation of spending among purposes at the Federal Government level.

• Federal Budget

• National Debt

• Deficit

• Gross Domestic Product (GDP)

Federal program started under FDR in 1935, guaranteed retirement payments for enrolled workers beginning at age 65; includes the federal old age, survivors and disability program.

• Motor Voter Law

• Progressive Income Tax

• Public Policy

• Social Security