Taxes & the Fed

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•
Other
•
12th Grade
•
Hard
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40 questions
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1.
FLASHCARD QUESTION
Front
If President Biden wanted to exercise contractionary fiscal policy, he might do so by limiting the amount of funding spent on the Center for Disease Control.
Back
True
2.
FLASHCARD QUESTION
Front
This is the use of Federal Government spending and revenue collection measures to manage or control the economy.
Back
fiscal policy
3.
FLASHCARD QUESTION
Front
Congress cutting taxes is an example of ....
Back
Expansionary Fiscal Policy
4.
FLASHCARD QUESTION
Front
Tax that increases as income increases
Back
Progressive Tax
5.
FLASHCARD QUESTION
Front
Tax that is flat or fixed for the item being taxed
Back
proportional tax
6.
FLASHCARD QUESTION
Front
Tax placed on most retail products at time of purchase...not all states use this tax.
Back
sales tax
7.
FLASHCARD QUESTION
Front
This philosophy is focused on heavy involvement by the government as it spends and taxes...suggested by an economist to stimulate the economy; also known as demand-side economics.
Back
Keynesian economics
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