Key Terms
The principle that no one, including public officials, is above the law
What is Rule of Law?
An example of this theory would be the government cutting taxes for Amazon to encourage the business to in turn cut product prices to encourage greater spending by consumers
What is supply side theory
Candidates use these to understand public preferences
What are polls?
This political party is more likely to support spending on social services, oppose higher levels of military spending, and support the liberal ideology.
Who are Democrats
Involves controlling the money supply
What is monetary policy
The belief that individuals should be responsible for themselves and for the decisions they make.
What is individualism?
Government use of taxes and spending to attempt to lower unemployment, support economic growth, and stabilize the economy.
What is fiscal policy
In order to gauge support for a candidate and determine important issues for voters, candidates might use this type of poll
What is a benchmark poll
Party in government that supports limited government interference in the economy
What is the Republican party
One of the tools of control that this entity uses is buying and selling treasuries
What is The Fed
The process through which individuals in society acquire political attitudes, views, and knowledge, based on inputs from family, schools, the media and others
What is political socialization?
An example of this economic theory would be the government providing stimulus checks to Americans in 2020.
What is Keynesianism Theory
This is a small group of individuals assembled for a conversation about specific issues
What is a focus group
Political ideology that promotes a stronger central government and a wide influence for the central government.
What is the liberal ideology
The economy's health is measured by GDP, Unemployment, CPI and what?
Inflation
an economic system in which government intrudes as little as possible in the economic transactions among citizens and businesses
What is free market/laissez faire?
Women voting more liberally and men voting more conservatively.
What is the gender gap.
In larger national polls, pollsters aim to have a minimum of how many people respond?
1500
This major demographic of people tend to identify themselves more with the liberal ideology over the conservative ideology.
What are younger people.
Millennials being hyper conscious of economic dips and supporting market regulations due to the 2008 market crash is known as this
The generational effect
A coherent set of values and beliefs about public policy.
What is political ideology?
This economist wrote about the combined effect of individual decisions with regard to saving and spending and how it drives business cycles
Who is John Maynard Keynes
The three elements of a scientific poll include a specific sample size, a random and representative sample and what?
Questions written in neutral language
This political ideology advocates for a much smaller government; one that is limited to protecting individuals from coercion and violence.
What is libertarianism
The dominant set of beliefs, customs, traditions, and values that define the relationship between citizens and government.
What is political culture