Types of Policies
What are the three major types of policies?
Redistributive, Distributive, and Regulatory
Which agency is responsible for diplomacy in foreign policy?
Department of State
What economic theory argues that government should create the right level of demand?
Keynesian Economics
What is the first step in the policy-making process?
Setting the Agenda
What is the primary source of federal revenues?
Income taxes
The Temporary Assistance to Needy Families is what type of program?
Anti-poverty
According to the War Powers Resolution of 1973, how long can presidents commit troops without explicit Congressional authorization?
60 days
What is the Discount Rate?
The interest rate on loans for banks
Policy Marketing is which step of the policy making process?
None. Policy marketing is not part of the process.
What is the largest part of our budget?
Military spending
What type of fiscal policy is used to increase economic growth?
Expansionary Policy
Which act provided a path to citizenship for existing illegal immigrants in 1986?
Simpson-Mazzoli Act
What is the primary function of the federal reserve?
Serving as the central bank for the US
Which amendment creates the income tax?
16th
Social security is an example of what type of spending?
Entitlement spending
What type of policy would environmental laws fall under?
Regulatory
What percentage of Americans were considered poor in 2023?
11.1%
How long do Federal Reserve Board members serve?
14 years
Which law keeps unions from making membership mandatory in Ohio?
Right to Work
What is the estimated year until which Social Security can continue unchanged?
2035
Which economic policy was associated with President Reagan?
Reaganomics
What percentage of Americans are first-generation immigrants?
13%
How would the government change open market operations if they wanted people to spend more money?
Encourage them to buy more stocks.
During a period of inflation, what does the government want people to do?
Spend less money
What is the current national debt?
$37 trillion