Economics Chapter 9 and 10

a fiscal policy used to encourage economic growth, often through increased spending and tax cuts.

• Federal Budget

• Fiscal Policy

• National Debt

• Contractionary Policy

• Expansionary policy

the use of government spending and revenue (taxes) collection to influence the economy

• Federal Budget

• Fiscal Policy

• National Debt

• Contractionary Policy

• Expansionary policy

a written document indicating the amount of money the government expects to receive for a certain year and authorizing the amount of money the government can spend that year

• Federal Budget

• Fiscal Policy

• National Debt

• Contractionary Policy

• Expansionary policy

total amount of money the federal government owes

• Federal Budget

• Fiscal Policy

• National Debt

• Contractionary Policy

• Expansionary policy

a fiscal policy used to reduce economic growth, often through decreased spending and higher taxes.

• Federal Budget

• Fiscal Policy

• National Debt

• Contractionary Policy

• Expansionary policy

the fraction of deposits that banks are required to keep in reserve

• Required reserve ration

• Keynesian economics

• multiplier effect

• supply-side economics

a school of thought that uses demand-side theory as the basis for encouraging government action to help the economy

• Required reserve ration

• Keynesian economics

• multiplier effect

• supply-side economics

a school of thought based on the idea that the supply of a goods drives the economy.

• Required reserve ration

• Keynesian economics

• multiplier effect

• supply-side economics

the idea that every one dollar change in fiscal policy creates a change greater than one dollar in the national income.

• Required reserve ration

• Keynesian economics

• multiplier effect

• supply-side economics

Who makes the fiscal policy of the US?

• Executive Branch

• Legislative Branch

• Judicial Branch

• Executive and Legislative Branches

• Legislative and Judicial Branches