Domestic Policy Chapter 14

a tax on imported goods

• excise tax

• tariff

• income tax

• security tax

a consistent increase in the general level of prices

• deflation

• hyperinflation

• inflation

• laissez-faire

the government's use of taxing, monetary, and spending powers to manipulate the economy

• monetary policy

• fiscal policy

• regulation and antitrust

• tax expenditures

Federal Reserve efforts to regulate the economy through the manipulation of the supply of money and credit

• monetary policy

• fiscal policy

• Regulation and antitrust policy

• Tax Expenditures

Government regulation of large businesses that have established monopolies

• monetary policy

• fiscal policy

• antitrust policy

• tax expenditures

a policy whose objective is to tax or spend in such a way as to reduce the disparities of wealth between the lowest and the highest income brackets

• contracting

• progressive taxation

• regressive taxation

• redistribution

taxation that hits upper-income brackets more heavily

• contracting

• progressive taxation

• regressive taxation

• redistribution

taxation that hits lower-income brackets more heavily

• contracting

• redistribution

• regressive taxation

• progressive taxation

the amount by which government spending exceeds government revenue in a fiscal year

• budget deficit

• national debt

• subsidies

• tax expenditures

the total amount of money the government has borrowed

• budget deficit

• national debt

• subsidies

• contracting