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

incrementalism, zero-based budgeting*

mandatory programs

net interest

social entitlements

budget

Congressional Budget Office (CBO)

Office of Management and Budget (OMB)

fiscal year

authorization-appropriations process or legislation

continuing resolution (the “CR”)

supplemental appropriations*

reconciliation*

10/2017