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GED Social Studies Study Guide.

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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...

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  • September 29, 2024
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  • 2024/2025
  • Exam (elaborations)
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  • GED
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GED Social Studies Study Guide.

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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