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100
Between 1975 & 1990, government outlays range this fraction of GDP.
What is 1/3?
100
Tax legislation in 1993 increased top tax rates for these individuals.
What is high-income?
100
This program provides health care for the aged and disabled.
What is Medicare?
100
To take from one and give to another.
What is income redistribution?
200
Decreasing taxes on a business to keep it in a city is an example of taxing this economic activity.
What is direct?
200
The federal budget-making process begins in this organization.
What is OMB?
200
This policy stabilizes the overall economy by controlling the money supply.
What is monetary?
200
Hits high-income taxpayers harder.
What is progressive tax?
300
Cities are rethinking large-scale festivals because of this.
What is police & sanitation required are too costly?
300
Public goods are supplied to all without this.
What is diminishing benefits to each?
300
This program provides free health care for low-income & disabled people.
What is Medicaid?
300
based on need & not contribution.
What is public assistance?
400
Excise taxes are paid on the use, manufacture, & this of certain goods.
What is consumption?
400
Social insurance programs include this program.
What is Medicare?
400
This policy evens out the business cycle through taxing & spending.
What is Fiscal?
400
takes the same percentage of all incomes.
What is proportional tax?
500
This is a good example of a merit good.
What is museum?
500
This insurance is financed by workers & employers.
What is Social?
500
affects low-income taxpayers most.
What is regressive tax?
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Ch 17 Economics
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