AP GoPo Unit 4 Part B

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Medicare

Back

Federal government program that provides healthcare coverage to certain groups, such as people ages 65 and older and younger people with permanent disabilities.

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Medicaid

Back

Government program providing health coverage to eligible low-income individuals and families.

Front

Formula-based / Means-tested

Back

A type of government program in which beneficiaries must demonstrate they fall within a particular income category.

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Policy advocates

Back

People who advocate for public policy to accomplish a specific goal, often seen through participation in things like think tanks or lobbying groups like AARP.

Front

Policy analysts

Back

People who identify all possible choices available to a decision maker and assess the potential impact of each.

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Public policy process (steps)

Back

Agenda: Identifying problem and solution. Enactment: Approve action on solution. Implementation: Implement solution. Evaluation: Assess effectiveness of policy to address problem.

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Recession

Back

A significant decline in economic activity and negative GDP that lasts for more than a few months, usually accompanied by a rise in unemployment.

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Keynesian economics

Back

Justify government intervention through public policies that aim to achieve full employment, and price stability.

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Supply-side economics

Back

Theory that increasing the supply of goods leads to economic growth. Supports a limited role for the government in regulating the marketplace by cutting taxes and regulations to encourage investment and economic growth.

Front

Mandatory spending

Back

Government spending earmarked for entitlement programs guaranteeing support to those who meet certain qualifications/government spending required by law. Ex: Social security, Medicare/aid.