Final answer:
The term for individuals with lower incomes preferring government to regulate the economy but not social/moral issues, and who are commonly supported by African Americans, is 'Democratic' or 'democratic liberalism'. This aligns with the Democratic Party which has included diverse coalitions and, more recently, figures advocating democratic socialism.
Step-by-step explanation:
The term commonly used to describe individuals with lower incomes who prefer governmental regulation of the economy but minimal interference in social and moral issues, and who are typically supported by African Americans, is Democratic or democratic liberalism. These views align with the positions traditionally associated with the Democratic Party, which advocates for a variety of economic policies intended to reduce inequality, such as greater funding for social welfare programs like TANF (Temporary Assistance for Needy Families), EITC (Earned Income Tax Credit), SNAP (Supplemental Nutrition Assistance Program), and Medicaid. Furthermore, the Democratic Party also historically attracted a diverse coalition that supported economic redistribution while resisting the use of federal powers to restructure society, particularly in the South. In modern times, certain political figures within the party, such as Bernie Sanders and Alexandria Ocasio-Cortez, have embraced the term 'democratic socialist' and advocate for government involvement in economic matters akin to some European countries, while maintaining a capitalist economic structure.