Term
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Definition
| the government's use of spending and taxes to make the economy grow faster or slower |
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Definition
| a written document that estimates how much money the federal government will take in and spend in a year |
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Definition
| any 12- month period used for budgeting purposes |
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Term
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Definition
| a bill that allows a specific amount of spending by the government |
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Term
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Definition
| a government fiancial policy used to encourage economic growth,often through increased spending or tax cuts |
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Definition
| a government fiancial policy used to get the economy to slow down,often through decreased spending or higher taxes |
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Term
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Definition
| the idea that free markets regulate themselves |
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Definition
| the most production possible over time without increasing inflation |
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Term
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Definition
| a school of thought based on the idea that demand for goods drives the economy |
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Definition
| a school of thought that used demand-side theory as the basis for encouraging economic action |
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Definition
| the idea that every one dollar change in the fiscal policy creates a change greater than the one dollar in the national income |
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Term
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Definition
| a school ofg thought based on the idea that the supply of goods drives the economy |
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Term
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Definition
| when the amount spent is more than the amount taken in |
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Term
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Definition
| when the amount of money spent is less than the amount collected |
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Term
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Definition
| when the amount of money spent is more than the amount collected |
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Term
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Definition
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Term
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Definition
| government bonds with a maturity date of 26 weeks or less |
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Term
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Definition
| government bonds with a term of 2 to 10 years |
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Term
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Definition
| the total amount of money the federal government owes to all bondholders |
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Term
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Definition
| the loss of funds for private businesses caused by government borrowing |
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