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Ideological Polarization
The effect on public opinion when many citizens move away from moderate positions and toward either end of the political spectrum.
Policy Mood
The level of public support for expanding the government's role in society; whether the public wants government action on a specific issue.
Public Opinion
Citizens’ views on politics and government actions.
Latent Opinion
Opinion formed on the spot when it is needed, distinct from a deeply held opinion that is stable over time.
Mass Survey
Way to measure public opinion by interviewing a large sample of the population.
Sample
Group of people within a population surveyed to gauge the whole population’s opinion.
Random Sample
Group chosen to be in a survey through a selection process with equal opportunity for everyone to be chosen.
Marginal Tax Rate
Tax rate paid on income up to some threshold; ranges of income get different tax rates.
Mandatory Spending
Expenditures required by law, such as social security.
Discretionary Spending
Expenditures that can be cut from the budget without changing the underlying law.
Regressive Taxes
Taxes that take a larger share of income from poor people than from wealthy people.
Progressive Taxes
Taxes that require upper-income people to pay a higher tax rate than lower-income people.
Budget Making
Process done by Congress to determine how government money will be spent and revenue will be raised.
Budget Reconciliation
Process of Congressional committees being held to spending targets specified by budget resolution.
Federal Reserve System
Independent Agency serving as the central bank of the US to bring stability to the nation’s banking system.
Treasury Department
Cabinet level agency responsible for managing the federal government’s revenue.
Federal Reserve Board
Group of 7 presidential appointees who govern the Federal Reserve System.
Social Policy
Area of public policy related to maintaining and enhancing the well-being of people.
Welfare
Financial assistance provided to individuals by the government, usually based on need.
New Deal
Set of policies proposed by FDR and enacted by Congress to promote economic recovery and social well-being during the Great Depression.
Great Society
Mid 1960s social agenda aimed to improve America's quality of life through governmental social programs.
Ownership Society
Term used to describe a social policy vision where citizens take responsibility for their own social welfare.
Policy Agenda
Set of desired policies that political leaders view as their top priorities.
Individualism
Each person has the ability to shape their life through choices they make.
Equality of Opportunity
Value placed on the absence of discrimination based on uncontrollable factors.
Free Enterprise
The concept of being free to produce, buy, and sell what we want.
Rule of Law
Principle that everyone is subject to the law; no one is above the law.
Limited Government
Philosophy that powers of the government are limited by the social contract and explicitly listed in the constitution.
Political Socialization
Process in which a person’s political opinions are shaped by others and the surrounding culture.
Political Ideology
A cohesive set of views on politics and the role of government.
Liberal Ideology
Focused on individualism, against traditional values, and in favor of government involvement.
Conservative Ideology
Focused on traditional ideas/systems, pro-business, and limited government.
Libertarian Ideology
Focus on individual liberty and smaller government.
Opinion Polls
Measures of public opinion on various topics.
Benchmark Polls
Used prior to a candidate declaring candidacy to set a baseline for opinions.
Tracking Polls
Polls that measure changes in opinion over a period of time.
Exit Polls
Polls conducted on Election Day to understand voting behavior.
Fiscal Policy
Government decisions regarding taxation and spending to influence the economy.
Monetary Policy
Government decisions on controlling the money supply and interest rates to influence the economy.
Keynesian Economics
Theory advocating for economic policy measures like taxing and spending to maintain stability.
Supply Side Economics
Theory that lower tax rates stimulate the economy by encouraging saving, investing, and production.
Interest Rates
The cost associated with borrowing money, typically expressed as a percentage.