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Policy Test Review


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Policy Test Review

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