Ap Gov Unit 5 Vocabulary

Front 1

Public plans or courses of action that concern internal issues of national importance, such as poverty, crime, and the environment

Back 1

Domestic Policy

Front 2

A federal health-insurance program that covers U.S. residents over the age of sixty-five. The costs are met by a tax on wages and salaries.

Back 2

Medicare

Front 3

A joint state-federal program that provides medical care to the poor. The program is funded out of general government revenues.

Back 3

Medicaid

Front 4

A plan to provide universal health insurance under which the government provides basic health-care coverage to all citizens. In most such plans, the program is funded by taxes on wages or salaries.

Back 4

National Health Insurance

Front 5

A plan under which one entity has a monopoly on issuing a particular type of insurance. Typically, the entity is the government, and the insurance is basic health coverage.

Back 5

Single-Payer Plan

Front 6

A transfer of income from some individuals in the economy to other individuals. This is generally done by government action.

Back 6

Income Transfer

Front 7

A good or service - such as food stamps, housing, or medical care - provided by the government to low-income groups.

Back 7

In-Kind Subsidy

Front 8

A state-administered program in which grants from the national government are used to provide welfare benefits.

Back 8

Temporary Assistance to Needy Families (TANF)

Front 9

A federal program established to provide assistance to elderly persons and persons with disabilities

Back 9

Supplemental Security Income (SSI)

Front 10

Benefits issued by the federal government to low-income individuals to be used for the purchase of food; originally provided as coupons but now typically provided electronically through a card similar to a debit card

Back 10

Food Stamps

Front 11

A government program that helps low-income workers by giving back part or all of their Social Security taxes

Back 11

Earned-Income Tax Credit (EITC) Program

Front 12

The number of persons held in jail or prison for every 100,000 persons in a particular population group

Back 12

Incarceration Rate

Front 13

A report that must show the costs and benefits of major federal actions that could significantly affect the quality of the environment.

Back 13

Environmental Impact Statement (EIS)

Front 14

A sustained rise in the general price level of foods and services.

Back 14

Inflation

Front 15

Two or more successive quarters in which the economy shrinks instead of grows

Back 15

Recession

Front 16

The inability of those who are in the labor force to find a job; defined as the total number of those in the labor force actively looking for a job but unable to find one

Back 16

Unemployment

Front 17

An arbitrary level of unemployment that corresponds to "normal" friction in the labor market. In 1986, a 6.5 percent rate of unemployment was considered full employment. Today, it is assumed to be around 5 percent.

Back 17

Full Employment

Front 18

A measure of the change in price over time of a specific group of goods and services used by the average household

Back 18

Consumer Price Index (CPI)

Front 19

The federal government"s use of taxation and spending policies to affect overall business activity

Back 19

Fiscal Policy

Front 20

A school of economic thought that tends to favor active federal government policymaking to stabilize economy-wide fluctuations, usually by implementing discretionary fiscal policy

Back 20

Keynesian Economics