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Policy Test Review

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  • 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