Exam 16: Political Economy

Interpret the origin of President Clinton's budget surplus from 1997-2000.

President Clinton's 1996 entitlement reforms gave welfare recipients two years to get off government assistance.

Attempting to correct the imbalance of 1960s deficits, President Nixon cut the link between the dollar and gold.

Analyze the role of "derivatives" in the recent housing market bubble.

Examine the efficacy of workfare programs.What do such programs intend to accomplish? What are some criticisms against them? Cite specific examples.

Why was President Johnson reluctant to request a tax increase to pay for the Vietnam War?

Map analysis suggested that Pennsylvania's Perot vote in 1996 came from __________.

During the Vietnam War, too much money chased too few goods, the classic definition of __________.

Radicals use the term "political economy" instead of "late capitalism," which is a hard sell these days.

President Jimmy Carter attempted to stimulate the economy, but this made inflation worse.This led him to __________.

Analyze recent changes to the Food Stamps program.

How might Americans' reluctance toward entitlement programs benefit them in the long run?

Deficit, debt, and taxation problems came together at the start of 2013 in what was popularly called a __________.

The 2010 healthcare reform, known officially as __________, does not go nearly as far as most European and Canadian medical insurance and lacks a "public" option.

What major 2008 event sparked debate concerning the government's size and role?

Explain the escalating inflation rate under the Johnson administration.

Considered by Carter but easily misused, __________ would have functioned as a replacement for food stamps.

Briefly, what is the relationship between politics and economy?

The government assumed responsibility for the ___________ of bad loans in 2008.

Since the 1950s, the American unionized workforce has declined from 40% to __________.