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Ch. 11
Sec. 1, 2
| Term | Definition |
|---|---|
| Strict Constructionist | a particular legal philosophy of judicial interpretation that limits or restricts judicial interpretation. |
| Liberal Contructionist | one who argues interpretation of the provisison of the Constitution particularly those granting power to the federal government. |
| Consensus | general agreement |
| Direct Tax | a tax that is levied on the income or profits of the person who pays it, rather than on goods or services. |
| Indirect Tax | a tax levied on goods or services rather than on persons or organizations |
| Deficit Financing | government funding of spending by borrowing |
| Public Debt | the total of the nation's debts |