Term
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Definition
| we don't want to be in another war |
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Term
containment and realism
1940-80 |
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Definition
contain communism
national security interest |
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Term
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Definition
| less military involvement |
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Term
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Definition
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Term
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Definition
| military, economic (Tariffs, sanctions, and embargo) |
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Term
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Definition
if a country exposes another country's problems, it will change policy
peace corps, AIS, movies, TV, sports |
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Term
| expressed presidential powers |
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Definition
| commander in chief, appoint ambassadors, negotiate treaties and executive agreements |
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Term
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Definition
| declare war, confirmation of ambassadors by senate, ratification of treaties by senate, power of the purse, military draft, foreign aid |
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Term
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Definition
| war powers act, prohibit or limit foreign aid, |
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Term
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Definition
| Laissez faire- the market is self correcting |
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Term
| planned (command) economy |
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Definition
| all economic decisions are made by the gov't and teh gov't owns everything |
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Term
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Definition
| changing government spedning or changing the tax rate |
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Term
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Definition
| expansionary: increase gov't spending. output increases, total demand increases, income increases, unemployment goes down, inflation increases |
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Term
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Definition
| gov't spending goes down, tax rates up, shrinks output levels and keeps inflation down |
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Term
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Definition
| increase in production, prices go down, decrease taxes, more working, unemployment goes down, inflation decreases |
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Term
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Definition
| tax rate changes the revenue |
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Term
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Definition
| if the gov't lowers interest rates, the banks will lower their interest rates, more people will borrow and more people will spend |
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Term
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Definition
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Term
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Definition
| a percent of the income paid as a tax will increase as income increases |
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Term
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Definition
| as your income goes up, the percetage you pay in tax decreases |
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Term
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Definition
| everyone pays the same amount, regardless of income |
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Term
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Definition
| increase in spending in one part of the budget matched with spending decrease or increase in taxes |
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