click below
click below
Normal Size Small Size show me how
AP Gov
THE FEDERAL BUDGET - Key Terms (4 of 88)
| Question | Answer |
|---|---|
| This policy involves regulating the money supply, controlling inflation, and adjusting interest rates. It is controlled by the Federal Reserve Board. | MONETARY POLICY |
| Raising and lowering taxes and government spending programs. This policy is controlled by the executive and legislative branches. | FISCAL POLICY |
| A government-sponsored program that provides mandated benefits to those who meet eligility requirements. Social Security and Medicare are the government's larges type of this program. | ENTITLEMENT PROGRAM |
| Responsible for preparing the budget that the president submits to Congress. | OFFICE OF MANAGMENT AND BUDGET (OMB) |