Terms : Hide Images
| 14802902201 | Agenda | A list of potential policy ideas, bills, or plans to improve society | 0 | |
| 14802902202 | Bonds | Securities or government IOUS | 1 | |
| 14802902203 | Discount rate | Interest rate at which the government loans actual dollars to commercial banks | 2 | |
| 14802902204 | Entitlements | Include Social Security, Medicare, Medicaid, block grants, financial aid, food stamps, money owed on bonds, and the government's other contractual obligations | 3 | |
| 14802902205 | Federal Reserve Board | Called the "The Fed", sets monetary policy by buying and selling securities or bonds, regulating money reserves required at commercial banks, and setting interest rates | 4 | |
| 14802902206 | Fiscal policy | Part of economic policy that is concerned with government spending and taxation | 5 | |
| 14802902207 | Flat tax | Taxes citizens at the same rate | 6 | |
| 14802902208 | Inflation | Rising prices and devaluation of the dollar | 7 | |
| 14802902209 | Internal Revenue Service (IRS) | Oversees the tax collection process | 8 | |
| 14802902210 | Mandatory spending | Congress awards cash to individuals, groups, local, those who are legally entitled to these funds | 9 | |
| 14802902211 | Means Test | Test to determine which citizens qualify for aid | 10 | |
| 14802902212 | Medicaid | Provides health insurance coverage for the poorest Americans | 11 | |
| 14802902213 | Medicare | Helps ease the medical costs of seniors over the age of 65 | 12 | |
| 14802902214 | Monetary policy | How the government manages the supply and demand of its currency and the value of the dollar | 13 | |
| 14802902215 | North American Free Trade Agreement (NAFTA) | Lifted trade barriers and removed import taxes between Canada, Mexico, and the USA | 14 | |
| 14802902216 | Patient Protection and Affordable Care Act | Called "Obamacare", an expansion of government regulation of health insurance and making services more affordable | 15 | |
| 14802902217 | Progressive tax | One's tax rate increases, or progresses, as one's income increases | 16 | |
| 14802902218 | Reserve requirement | How much cash commercial banks must keep in their vaults | 17 | |
| 14802902219 | Social Security Act | Government insurance program that required the employed to pay a small contribution via a payroll tax into an insurance fund designed to assist the unemployed needs | 18 | |
| 14802902220 | Social welfare | Support for disadvantaged people to meet their basic needs | 19 | |
| 14802902221 | Supply-side economics | Belief that the govt should leave as much of the money supply as possible with people, letting the laws of the marketplace to govern the market a.k.a. laissez-faire | 20 | |
| 14802902222 | Trade balance | A nation that exports more than it imports has a favorable trade balance. One that imports more than it exports has a trade deficit. The balance between surplus and deficit measures economic success | 21 |
