Taxes
things in the tax code that let people get out of certain payments
tax loopholes
Fiscal policy is always about one of two things. What are the two things?
Taxes and government spending
a system where the bank keeps some of what is deposited and loans out the rest
fractional reserve
state provided insurance that pays money to people on a weekly basis if they have lost their job and meet certain eligibility requirements
unemployment insurance
tax of the transfer of property after your death
estate tax
a one-year period that companies and governments use for financial reporting and budgeting.
fiscal year
what the Federal Reserve does to influence the amount of money in the US Economy
Monetary policy
gov provided or managed benefit that people have a right to legally
entitlement
everyone pays the same tax rate
flat
the economic theory that believes lower taxes, decreased regulations, and free trade are best for the economy
Supply side economics
the amount of funds that a bank holds in reserve, this amount is set by the Fed
reduction or elimination of gov power in an industry
deregulation
tax system where the tax rate increases with income
progressive
this would add a rule to the Constitution that would require federal spending not to exceed federal receipts.
balanced budget amendment
describes times when a lot of money is available and interest rates are low
easy money policy
the total demand for goods and services
aggregate demand
tax system that taxes the poor the most
regressive
This person created a type of economics based around increasing government spending in order to stimulate economic growth.
Keynes/Keynesian economics
Form of monetary policy that quickly increases the domestic money supply
It includes buying up risking loans
the total supply of goods and services
aggregate supply