The total amount the government has borrowed and now owes back to investors.

If SUPPLY goes down and DEMAND stays the same, prices will

If the government hands out free money to everyone,

ACTIVITIES or ASSISTANCE that a person or company provides.

Where is the government supposed to get the money to do all the things we ask of it?

If SUPPLY goes up and DEMAND goes down, prices will

Debt is an accumulation, a building up over the years.

The “debt ceiling”

This Executive Department develops and executes policy on farming and food.

Basically, the REAL VALUE of a dollar is

How much money a good or service costs

The economic condition where prices are higher - so your money is worth LESS

If SUPPLY goes up and DEMAND stays the same, prices will

It is possible to have a deficit one year and not the next.

Tax charged to people when they purchase goods and services.

This Executive Department works to achieve economic growth and opportunity.

Which of these is the best explanation of WHY our government needs money?

Things that are produced; they are PHYSICAL OBJECTS that can be touched.

If companies need more workers, we say that the

____________ for LABOR has increased.

Since 1900, the United States has ALWAYS been in some debt.

When the amount of money the government brings in is MORE than the amount it spends.

Tax taken out of a worker's pay by employers and used to fund programs like Medicare or Social Security.

How is the debt ceiling determined?

If SUPPLY goes up and DEMAND goes up, prices will

Each year’s surplus or deficit can shrink or expand the debt.

This Executive Department addresses housing needs, improves and develops communities, and enforces fair housing laws.

The money the government pays out to provide services to its citizens.

Certain parts of the Federal budget are required by law, these are called

A general, sustained, upward movement of prices for goods and services in an economy

Inflation

If SUPPLY stays the same and DEMAND goes up, prices will

Since 1900, the United States has ALWAYS had a deficit.

How badly people want to buy something

The money the government brings in through collection of taxes.

Tax individuals pay each year based on how much money they earn.

If our government prints and/or distributes more money to the people, we will ALL be richer and be able to have more stuff!

The total amount of debt the US government is allowed to accumulate

This Executive Department provides the military forces needed to deter war and to protect the security of our country.

When the federal government has to decide how money is spent, they have to look at how much they bring in & the needs of the different departments. This is how they create their

How much of something is available in the market

The US debt level is expected to shrink over the next couple decades.

If SUPPLY goes down and DEMAND goes up, prices will

Tax paid by US companies based on how much money they earn.

The amount you can spend on things you CHOOSE.

This Executive Department enforces the law, ensures public safety against threats foreign and domestic; works to prevent crime, to seek just punishment for those guilty of unlawful behavior.