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policy
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16
Political Studies
Undergraduate 1
12/12/2007

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Term
monetary policy
Definition
Refers to the availability of money.
Term
Federal Reserve
Definition
A relatively independent agency that manages monetary policy.
Term
external diseconomies
Definition
Refers to producing harmful things for which the producer does not have to pay.
Term
Keynesians
Definition
Believe that having a government deficit will stimulate the economy and reduce unemployment.
Term
majoritarian politics
Definition
A term used to describe widely distributed benefits and widely distributed costs.
Term
coalition
Definition
A temporary alliance of political groups designed to achieve some goal.
Term
fiscal policy
Definition
The balance between what the government takes in by way of taxes and what it spends.
Term
political agenda
Definition
A list of things on which people think the government should act.
Term
client politics
Definition
A term used to describe narrowly concentrated benefits and widely distributed costs.
Term
regulation
Definition
A license to do business.
Term
policy entrepreneurs
Definition
This term describes people who from time to time can galvanize public and congressional support for a change.
Term
supply-side economists
Definition
Believe that cutting taxes will stimulate investment and encourage economic growth.
Term
debt
Definition
Describes the total accumulation of all our annual deficits.
Term
council of economic advisors
Definition
Helps give the president reliable information on how the economy is working.
Term
implementation
Definition
Describes putting a policy into effect.
Term
Medicaid
Definition
A health program for poor people of any age.
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