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Exam (elaborations)

GED Social Studies

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Exam of 2 pages for the course GED Social Studies at GED Social Studies (GED Social Studies)

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GED Social Studies
Course
GED Social Studies

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GED SOCIAL STUDIES EXAM 2026
QUESTION AND ANSWERS
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 - answerAlso known as Federal Government

Legislative branch - answerBranch of the federal government that makes laws

Executive branch - answerBranch of the federal government that carries out laws

Judicial branch - answerBranch of the federal government that interprets laws

Checks and balances - answerA system that regulates the power of the federal
government branches

Veto - answerrefuse; not accept

Republicans and Democrats - answertwo main political parties in US

Immigrants - answerPeople moving to another country

Three basic economic systems - answerCapitalism, Socialism, Communism

Recession - answerPeriod of low productivity and income

Depression - answerSevere recession

Inflation - answerIncrease in prices

Deflation - answerDecrease in prices

Communism - answerEconomic system where government interference is the most

Capitalism - answerEconomic system where government interference is the least

Federal Reserve System - answerKeeps economy in balance
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