Unit 4

Keynesian Economics

Keynes believed that the government should create the right level of demand. When demand is too low, the government should put more money into the economy by reducing taxes and/or increasing government spending, even if doing so requires borrowing money.

Opinion Poll

Measuring public opinion on various issues

Benchmark Poll

Measure support for a candidate and to gather information about the issues that people care about

Tracking Poll

Following how views of a candidate changes during a campaign

Exit Poll

Conducted outside polling places on election day to publicly predict the outcome of the election after the polls close

Individualism

Belief in the fundamental worth and importance of the individual

Free Enterprise

The state should be primarily concerned with protecting its people from invasion and with maintaining law and order and should intervene in the natural flow of human economic interaction only to protect the people

Equality of Opportunity

Purpose of the line was to emphasize the equal rights of people to pursue life, liberty, and happiness

Rule of Law

Principle of a government that establishes laws that apply equally to all members of society and prevents the rule and whims of leaders who see themselves as above the law

Libertarian Party Platform

They have a high regard for civil liberties. They oppose censorship, want lower taxes, and dislike government-imposed morality. In short, libertarians are conservative on economic issues, such as government spending or raising the minimum wage, while they tend to be liberal on moral or social issues.

Democratic Party Platform