GED Social Studies Study Guide.
Monarchy - answerOne person from a royal family is ruler
Dictatorship - answerAbsolute power of one leader
Oligarchy - answerGoverned by a smart upper class group
Representative democracy - answerpeople elect officials to represent their views
Central Government...
Monarchy - answer✔One person from a royal family is ruler
Dictatorship - answer✔Absolute power of one leader
Oligarchy - answer✔Governed by a smart upper class group
Representative democracy - answer✔people elect officials to represent their views
Central Government - answer✔Also known as Federal Government
Legislative branch - answer✔Branch of the federal government that makes laws
Executive branch - answer✔Branch of the federal government that carries out laws
Judicial branch - answer✔Branch of the federal government that interprets laws
Checks and balances - answer✔A system that regulates the power of the federal government
branches
Veto - answer✔refuse; not accept
Republicans and Democrats - answer✔two main political parties in US
Immigrants - answer✔People moving to another country
Three basic economic systems - answer✔Capitalism, Socialism, Communism
Recession - answer✔Period of low productivity and income
Depression - answer✔Severe recession
Inflation - answer✔Increase in prices
Deflation - answer✔Decrease in prices
Communism - answer✔Economic system where government interference is the most
Capitalism - answer✔Economic system where government interference is the least
Federal Reserve System - answer✔Keeps economy in balance
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