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Ch. 16 Vocab. Gov.

TermDefinition
fiscal policy economic policies involving taxes, spending, and deficit
monetary policy economic policies involving money
Federal Reserve Board (Fed) agency charged with overseeing nations monetary policy
mandatory spending spending for program commitments made by past congresses
entitlement programs social welfare programs that provide classes of people w/ legally enforceable rights to benefits
balanced budget revenues are equal to expenditures
deficit imbalances in the budget (spending exceeds revenues)
national debt total debt accumulated by gov.
individual income tax taxes on individuals
Created by: Cole1722
Popular American Government sets

 

 



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