What is stimulating economy through government spending and lower taxes
100
When a poor person pays the same tax rate as a rich person
What is proportional tax?
100
does NOT have a direct role in the federal budget process
What is the federal reserve board?
100
The excess of federal expenditures over federal revenues
What is a budget deficit?
100
The United State's is more than 8 trillion dollars
What is national debt?
200
the regulation of the supply of money and credit to promote the nation's economic health
What is Monetary Policy?
200
The largest portion of federal revenue
What is Individual income tax?
200
the supply of credit and money in the economy
What is what does the federal reserve board regulate?
200
Funds the Social Security system
What is payroll taxes?
200
when two opposing parties work together for a common goal
What is bipartisanship?
300
believes that cutting taxes leads to leads to economic expansion
What is supply side economics?
300
takes a higher percentage from the incomes of the rich than the poor
What is progressive tax?
300
given 14-year terms designed to insulate them from political pressures
What are Federal Reserve Systems Board of Governors?
300
taxing and spending decisions made by congress and the president
What is Fiscal Policy?
300
the federal government resorts to this when it's expenditures exceed it's income
What is deficit spending?
400
concerns the regulation of money suppply
what is monetary policy?
400
The US federal tax system
What is progressive tax?
400
The federal reserves three responsibilities include setting monetary policy, supervising and regulating banking institutions, providing financial services to depositories and
what is maintaining the stability of financial markets?
400
threatens long term viability of the social security system
What is impending large numbers of retirees and a small number of workers?
400
the federal government provides these to citizens and businesses when it wants to promote a certain goal
What are subsidies?
500
Laissez-Faire is also referred to as
What is Hands off?
500
Sales tax is an example of what because the poor pay a higher percentage of their income when paying this than the wealthy
what is regressive tax?
500
the federal reserve can do this to the discount rate (rate charged to financial institutions to borrow money)
What is raise and lower?
500
airline industry receiving this could lead to lower fares for customers