Exam 17: Domestic Policies

Which of the following explains why some people have suggested raising the eligibility age for Social Security?

Food stamps/vouchers generally fall within which policy area?

Which of the following helps explain the difficulty in solving the long-term debt problem in the United States?

Eliminating which of the following would save the U.S. government the most money?

Social Security is a/an __________ program because it provides benefits to all qualifying individuals.

One reason for the increase in health care costs is the aging population in America.

In general, a recession does which of these?

In an economic slowdown, Keynesian economic policy would advocate __________.

A welfare program that contains an income eligibility threshold is likely a means-tested program.

The Affordable Care Act sets up a government insurance plan that competes with plans offered by private insurance companies.

___________ programs are welfare programs like Temporary Assistance to Needy Families that provide assistance to those who lack financial resources.

The Social Security program was adopted during what event or period?

What distinguishes a means-tested program from a social insurance program?

What are social safety net programs? Describe how the U.S. safety net differs from that found in other rich democracies in terms of cost, reach, generosity of programs across age groups, the role played by private employers, and the extent to which the programs reduce economic inequality.

Keynesians would likely approve of the recent government stimulus package passed by Congress to deal with the economic crisis of the Great Recession.

What do economists use gross domestic product to measure?

Since the economic crisis that began in 2008, the national debt has declined.

Congress has the primary responsibility for setting interest rates in the United States.

Discuss the two major economic worries faced by American politicians, unemployment and inflation, and the options available to address them.

Two solutions for dealing with Social Security sustainability are raising the retirement age and reducing benefit levels. Why might these solutions be problematic, and what groups(s) might object to them?