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demand management (E5, H3) Discretionary changes in national MONETARY and FISCAL POLICIES attempting to change the JeveJ of AGGREGATE DEMAND. Under the influence of KEYNESIANISM such policies were very popular in the 1950s and 1960s. However, some critics of demand management have asserted that frequent changes destabilized the economy.<br /><em>See also:</em> fine-tuning
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state monopoly capitalism (P2)<br />A type of economic system, particularly the SOVIET-TYPE ECONOMY, in which the state owns all the means of production (except for a few minor services and agricultural enterprises) and exploits scale economies by running each branch of production as a state-owned monopoly. MARX regarded such a stage of economic development as the prelude to full communism when the state itself would wither away.<br /><em>See also:</em> monopoly capitalism <br /><em>Reference</em><br />Cowling, K. (1982) Monopoly Capitalism, London: Macmillan.<br /> Fine, B. and Martin, A. (1984) Macroeco- nomics and Monopoly Capitalism, Brighton: Wheatsheaf.
<strong>Federal Family Education Loan Program (FFELP)</strong> – Federal student loans that were authorized by Title IV, Part B, of the Higher Education Act of 1965, as amended. FFEL Program loans are funded by private lenders and are guaranteed by state agencies or other non-profit organizations. FFEL Program loans include Federal Stafford (subsidized and unsubsidized), Federal PLUS (for parents or for graduate/professional students), and Federal Consolidation Loans.
<strong>Dependent student</strong> – A student who does not meet the eligibility requirements for an independent student under section 480(d) of the Higher Education Act of 1965.
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