POL 104, American Government

CHAPTER 14: PUBLIC POLICY AND ECONOMICS

economic policy (narrow sense)

fiscal policy

monetary policy

laissez-faire capitalism

socialism

mixed economy*

recession

depression

protectionism

free trade

deficit

debt

surplus

mandatory programs

net interest

social entitlements

budget—

distributive policies* (ch. 9)

redistributive policies* (ch. 9)

fiscal year

authorization-appropriations process or legislation

continuing resolution (the “CR”)

supplemental appropriations*

Congressional Budget Office (CBO)

Office of Management and Budget (OMB)

Gramm-Rudman-Hollings

5/2011