Ideologies
A coherent set of beliefs about the role and scope of government.
What is political ideology?
Policy concerning government spending and tax rates.
What is fiscal policy?
Policy regarding government regulation of money and markets.
What is monetary policy?
Federal program serving primarily the elderly.
What is Medicare?
An individual’s psychological attachment to a specific party
What is party identification?
These are the two primary tools used in fiscal policy.
What are spending and tax rates?
The body responsible for adjusting the federal funds rate.
What is the Federal Reserve?
Program providing health coverage to low-income individuals.
What is Medicaid?
This ideology favors minimal intervention and reliance on market forces.
What is libertarianism?
Theory emphasizing managing demand through government spending.
What is Keynesianism?
The Fed’s tool involving buying or selling government securities.
What are open market operations?
Funding for Medicaid is a joint effort between these two
What are federal and state governments?
The set of policy beliefs belonging to a political party.
What is party ideology?
Theory emphasizing tax cuts and incentives to increase production.
What is supply side theory?
This interest rate is a primary tool of the Federal Reserve.
What is the Federal Funds Rate?
This concept applies market theory to education.
What is school choice?
Economic policy supporting minimal government intervention
What is laissez faire?
Two consecutive quarters of negative economic growth.
What is economic recession?
The percentage of deposits banks must keep on hand
This ideology generally prefers private health care over government programs.
What is conservatism?