15603771254 | Individualism | a social theory favoring freedom of action for individuals over collective or state control. | 0 | |
15603771255 | equality of opportunity | a widely shared American ideal that all people should have the freedom to use whatever talents and wealth they have to reach their fullest potential | 1 | |
15603776080 | free enterprise | Economic system in which individuals and businesses are allowed to compete for profit with a minimum of government interference | 2 | |
15603776081 | Rule of Law | principle that the law applies to everyone, even those who govern | 3 | |
15603781182 | political socialization | the process by which people gain their political attitudes and opinions | 4 | |
15603781183 | political ideology | a more or less consistent set of beliefs about what policies government ought to pursue | 5 | |
15603785098 | Keynesian economic theory | The theory emphasizing that government spending and deficits can help the economy weather its normal ups and downs. | 6 | |
15603785099 | supply-side economics | An economic philosophy that holds the sharply cutting taxes will increase the incentive people have to work, save, and invest. Greater investments will lead to more jobs, a more productive economy, and more tax revenues for the government. | 7 | |
15603792764 | monetary policy | Government policy that attempts to manage the economy by controlling the money supply and thus interest rates. | 8 | |
15603801592 | fiscal policy | A government policy for dealing with the budget (especially with taxation and borrowing) | 9 | |
15603801593 | Liberal Ideology | open to new behavior or opinions and willing to discard traditional values. | 10 | |
15603806383 | Conservative Ideology | Holding to traditional attitudes and values and cautious about change or innovation, typically in politics or religion. | 11 | |
15603809962 | Franchise/Suffrage | the legal right to vote | 12 |
AP Gov Vocab #8 Flashcards
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