APGoPo Unit 4: Week 3-4 Key Terms

1. Concerns or policies that are viewed in the same way by people with a variety of ideologies

• 1. Wedge issues

• Saliency

• 1. Valence issues

• 1. Social welfare

1. This political philosophy advocates for minimal government intervention or regulation, and places a large emphasis on civil liberties and the protections of individual rights

• Libertarian

• Populist

• Progressive

• Moderate

1. A form of economics focusing on tax cuts to help the economy by raising supply

• 1. Keynesian economics

• 1. Progressive tax

• 1. Supply-side economics

• 1. Flat tax

1. Rate the Federal Reserve charges for loans to commercial banks

• 1. Discount rate

• 1. Federal funds rate

• 1. Required reserve ratio

• 1. Bank rate

1. Established Congress’ right to impose a federal income tax

• 1. Income Tax Act of 1896

• 1. Sixteenth Amendment

• 1. McCulloch v. Maryland

• 1. Seventeenth Amendment

1. This political philosophy advocates for addressing the concerns of ordinary citizens against perceived elites, including policies like workplace safety protections and farm subsidies

• Progressive

• Libertarian

• Moderate

• Populist

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

• 1. Fiscal policy

• 1. Monetary policy

• 1. Supply-side economics

• 1. Keynesian economics

1. Describes those who believe in following tradition and argue that the government should do less and thus allow people more freedom

• Liberal

• Moderate

• Conservative

• Progressive

1. A tax where the rate increases as one’s income increases

• 1. Income tax

• 1. Flat tax

• 1. Unequal tax

• 1. Progressive tax

1. Economic policy about government spending and taxation

• 1. Fiscal policy

• 1. Monetary policy

• 1. Federal funds policy

• 1. Welfare policy