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What is party identification?
an individual's attachment to a political party
What is conservatism?
an ideology favoring more control of social behavior, fewer regulations on business, and less gov interference in the economy
What is liberalism?
an ideology favoring less gov
What is libertarianism?
an ideology favoring very little government regulation and intervention beyond protecting private property and individual liberty
What is party ideology?
a party's philosophy about the proper role of government and its set of positions on major issues
Who believes in liberty of privacy v. liberty in the marketplace?
Democrats and Republicans respectively
Who believe in order in gun regulation v. order in immigration?
democrats and republicans respectively
Who believes in stronger punishment for offenders v. protecting the liberties of the accused?
republicans and democrats respectively
Who is pro-choice v pro-life?
democrats and republicans respectively
Who favors tax cuts for businesses v. tax increases?
republicans and democrats respectively
Do women or men historically vote more left?
women
How do the following races/ethnicities tend to vote? **
White, hispanic, asian, black
right, left, left, disproportionately left, respectively
What are the demographics for voting that are correlated with age? **
People who are younger tend to lean left (specifically below 45), then 45-65 votes more right, and after 65 it's more even
What are the demographics for voting that are correlated with religion?
protestants lean right, jews lean left, and catholics are pretty split
Who was the first president to use media as a "bully pulpit"?
Teddy Roosevelt
What platforms does Trump use to spread information?
Twitter, X, Truth Social
What are reciprocal relations?
the more you participate, the more you know and vice versa
What did Adam Smith argue in favor of?
a free market economy
What does Laissez-Faire translate to?
hands off
What is Laissez-Faire?
an economic policy in which governments intrude as little as possible in the economic transactions between citizens and businesses
What is a command-and control economy?
economic policy in which government dictates much of a nation's economic activity, including the amount of production and price for goods
What is a mixed economy?
economic policy in which many economic conditions are left to individuals and businesses, with the government regulating economic acitivity
What guides economic policy?
health of the economy
What is the health of the economy determined by?
Gross Domestic Product and the unemployment rate
What does GDP stand for?
Gross Domestic Product
What is GDP?
the total value of goods and services produced by an economy
What is the unemployment rate?
the percentage of people actively looking for work who cannot find jobs
What is inflation?
the rise in prices of good/services
What does CPI stand for?
Consumer Price Index
What is CPI?
the cost of a fixed basket of goods and services over time, used to measure the cost of living
Who created the Keynesian Theory?
John Maynard Keynes
What is the Keynesianism Theory?
that the effect of individual decisions with regard to saving and spending drives business cycles
What is a boom under the Keynesianism theory?
when people spend more
What is a bust under the Keynesianism theory?
a cut back on spending & investing
Do democrats or republicans support the Keynesianism Theory?
Democrats
What are two other names for the supply-side ideology?
"Reaganomics" and trickle-down economics
What is supply-side ideology?
to propose lower taxes on individuals and businesses
What do critics say about supply-side ideology?
that the wealthy will benefit, unlikely these benefits will make their way to individuals not directly impacted by lower tax rates
Do democrats or republicans support supply-side ideology?
republicans
What is fiscal policy?
government use of taxes and spending to attempt to lower unemployment, support economic growth, and stabilize the economy
What is monetary policy?
a set amount of economy policy tools designed to regulate the amount of money in the economy
What is the federal reserve system?
a board of governors, Federal Reserve Banks, and member banks responsible for monetary policy
How are board members chosen for the Federal Reserve system?
they are appointed by the president and confirmed by the senate. there are seven members and they serve for 14 years
What created social insurance programs amending social security?
Great Society under Lyndon B. Johnson
What is medicare?
A federal program that provides health insurance to seniors and the disabled
Where does the largest portion of the federal government go?
social security & medicare
What is medicaid?
a federal program that provides health insurance for the poor
Who is medicaid administered by?
national and state gov
As of 2020, who had the highest health care costs in the world?
US
What act was signed in 2010 and who signed it?
The Patient Protection and Affordable Care Act and Obama
What did the Patient Protection and Affordable Care Act do?
overhauled the American health insurance system, allowed more americans to have more access to healthcare coverage
Did republicans support the Patient Protection and Affordable Care Act?
not really
What do liberals argue for healthcare?
that health care should be made widely available
What do conservatives argue for healthcare?
people should be responsible for making their own decisions, not forced by the gov
Does CO use school voucher programs?
no
What do the proponents of school voucher programs say?
that it provides families with more school choice by providing vouchers to enable private/religious school attendance (mostly conservative belief)
What do opponents of school voucher programs say?
that they drain much needed money from traditional public schools and it denies public school children equality of opportunity (mostly liberal belief)