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GOVT TERMS U3
GOVT TERMS
10
Other
12th Grade
04/03/2024

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Term
Monetary Policy
Definition
The regulation of the economy through the manipulation of the money supply
Term
Budget Deficit
Definition
The amount by which government spending exceeds government revenue in a fiscal year
Term
Isolationism
Definition
The desire to avoid involvement in the affairs of other nations
Term
Containment
Definition
A policy designed to limit the political and military expansion of a hostile power
Term
NATO
Definition
An organization made up of the United States, Canada, and Western Europe to address the perceived threat from the Soviet Union
Term
Diplomacy
Definition
The representation of a government to other governments
Term
Entitlement Program
Definition
A social program that guarantees benefits to a category of people as defined by law
Term
Medicare
Definition
Federally run health insurance for the elderly and the disabled
Term
GDP
Definition
The total value of goods and services produced within a country
Term
Inflation
Definition
A consistent increase in the level of prices
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