Policy Test Review
- 1. Review for Policy Test Its very close to Summer…so enjoy the beach theme.
- 2. Part 1: Multiple Choice 4 types of policy making Majoritarian Interest Group Client Politics Entrepreneurial Be able to ID examples
- 3. Economic Terms Deficit Debt GDP Inflation Recession
- 4. Economic Policies Monetarism Leave printing alone and let the free market operate - R Keynesianism Spending more when in a recession and cutting spending when there is inflation - D
- 5. Economic Planning Government plans wages, price controls, and the direction of investments - Socialist Supply Side Tax Cuts Lower taxes and fewer regulations will stimulate the economy - R
- 6. Reaganomics Combination of monetarism, lower fed spending and supply side Reduce size of government, stimulate growth and increase military strength - R
- 7. Federal Reserve Board You should remember this form your writing prompt - buys and sells federal government securities, regulates amount of money a member bank must keep as reserves, change interest rates of banks
- 8. Congressional Budget Act of 1974 Congress studies and gets analysis from the CBO (Congressional Budget Office) Could submit a budget resolution that would create a ceiling on what the government could spend
- 9. Entitlements A claim for government funds that cannot be changed without violating the rights of the claimant. The reason why it is hard to get new programs Popular programs
- 10. Balanced Budget Act of 1985 First attempt to cut deficit Across the board sequesters until the federal deficit had disappeared Did not work
- 11. Budget Enforcement Act of 1990 A “pay as you go” approach, if you increase spending in one program, you need to cut in another
- 12. 4 factors that shaped welfare in the US Restrictive view on who is entitled Slower to embrace it States play are large role Non-government organizations to play a large role
- 13. Insurance Programs OASDI Medicare Assistance Programs Unemployment TANF Food Stamps
- 14. Social Security Issues Bankrupt
- 15. Medicare - for the elderly Medicaid - For the less-fortunate
- 16. AFDC Changed to TANF
- 17. Who holds the most power in foreign policy? The President
- 18. Views of foreign policy Isolationism Disengagement Containment
- 19. Elites - anyone who works in that sector in the government or in think tanks
- 20. National Security Council Similar job as the State Department, deals with foreign policy
- 21. Structure of defense decision making Joint Chiefs of Staff