Government Spending
Medicare
Bonds
Which kind of policy does the Federal Reserve use?
Monetary Policy
The chunk of money taken from your paycheck is called?
Income Tax
A tangible item you can buy is called a
Good
What government chooses spending for education, infrastructure, and health services?
State governments
What is the primary way that governments make their money?
Taxes
The President would prefer what kind of policy to be used to help the economy?
Monetary Policy
The tax structure that charges more of a percentage from wealthier people is called?
Progressive Tax
Unlimited wants with limited resources is called?
Scarcity
What is spending on defense and education that does not have to be spent called?
Discretionary Spending
Tennessee does not have this which makes a lot of people move here?
State income tax
Government Spending and Taxes
When everyone pays the same tax percentage this is called?
Proportional
Land, Labor, Capital, and Entreprenuership
What are two programs that are considered "Mandatory Spending"?
Social Security Medicaid, and Medicare
Excise Tax
If Congress decreases Government spending and raises taxes this is called?
Contractionary Fiscal Policy
Which tax structure would a multi-millionaire prefer to use to save money?
Regressive Tax
What does a PPC stand for?
Production Possibilities Curve
The government is currently how many trillion dollars in debt?
36 Trillion Dollars
What kind of budget does the government chose to run almost all the time?
Budget Deficit
What two things does Monetary Policy mainly adjust to help the economy?
Money Supply and Interest Rate
What is the sales tax % in Tennessee?
7% plus the local rate
What would it be called if Coca Cola and Lowe's decided to merge?
Conglomerate Merger