AP Gov Vocab #8 Flashcards

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