Inflation & Unemployment
Taxes
Debt/Deficit
Fiscal & Monetary Policy
Econ Indicators& GDP
100
the people most hurt by inflation
Who are fixed income people
100
type of tax that is used for Federal individual income
What is progressive?
100
Health care
What is the current greatest expense in the US budget?
100
A fiscal solution to inflation
What is to raise taxes or cut expenses?
100
counts only final goods & services in an area for one year
What is GDP?
200
Joe Smith, a ski instructor, looks for a a new job in April.
What is seasonal employment
200
Another name for flat tax
What is regressive?
200
fiscal year for the US government
What is Oct. 1st to Sept 30th
200
FDR was influenced by this economist
What is John Maynard Keynes?
200
changes in consumer expectations, changes in interest rates, stock prices, average weekly claims for unemployment
What are the leading indicators?
300
Caused by moving the plant production to Vietnam
What is unemployment caused by the structural unemployment?
300
the largest source of tax dollars for the federal government
What is individual income tax?
300
This is measured for each fiscal year if we are short of money.
What is deficit?
300
Reaganomics and the trickle down effect supports this
What is supply side economics - encouraging the producers to invest?
300
Average length of unemployment, ratio of consumer installment debt to personal wealth, size of manufacturing inventories
What are lagging indicators?
400
inflation does this to Savings value
What is it decreases.
400
the two sources of state tax funding sources
What are property tax & sales tax
400
Group that is a watchdog grassroots organization checking the budget & debt of this country
What is the Concord Coalition?
400
Stagflation
What is when there is high inflation and high unemployment?
400
Four sectors for measuring GDP
What is consumers( households), business, government and foreign ( exports -imports)
500
Working 20 out of the last 52 weeks consecutively
What is qualifies you for unemployment benefits?
500
Ability to pay & benefits received
What are the two principles of tax fairness
500
Smallest income contribution to the federal budget
What is Corporate Tax?
500
most often used tool of the Federal reserve to control supply of money (monetary policy)
What are Buying and selling of government securities
500
Four parts of the business cycle
What is the expansion, peak, contraction, and trough/
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