Practice Flashcard: Fiscal Policy

Front

Public schools in the U.S. are primarily funded by: Federal Income Taxes, Local Property Taxes, State Sales Taxes, Federal Social Security Taxes

Back

Local Property Taxes

Front

What type of policy is increasing unemployment benefits?

Back

Expansionary

Front

What type of policy is reducing Social Security benefit payments?

Back

Contractionary

Front

What type of policy is increasing spending on the military?

Back

Expansionary

Front

What type of policy is lowering taxes on businesses?

Back

Expansionary

Front

What type of policy is this? Stimulus payments to all citizens

Back

Expansionary

Front

What type of policy is this? Increasing fees for government services

Back

Contractionary

Front

Under a ________ tax system, individuals and entities with low incomes pay a higher amount of that income in taxes compared to high-income earners.

Back

Regressive

Front

A progressive tax is...

Back

A tax that increases in percent of income as income increases.

Front

This is a tax that where you pay more the more money you make

Back

progressive