Terms : Hide Images
| 49666435 | fiscal policy | government use of taxing and spending to stabilize the economy | |
| 49666436 | federal budget | a plan for the federal government's revenues and spending for the coming year | |
| 49666437 | OMB | government office that manages the federal budget | |
| 49666438 | fiscal year | 12 month period that can begin on any date | |
| 49666439 | CBO | government agency that provides economic data to Congress | |
| 49666440 | appropriations bill | a bill that sets money aside for specific spending | |
| 49666441 | expansionary policies | fiscal policies, like higher spending and tax cuts that promote economic growth | |
| 49666442 | contractionary policies | fiscal policies, like lower spending and higher taxes that reduce economic growth | |
| 49666443 | classical economics | the idea that free markets can regulate themselves | |
| 49666444 | productive capacity | the maximum output that an economy can produce without big increases in inflation | |
| 49666445 | keynesian economics | a form of demand-side economics that encourages government action to increase or decrease demand and output | |
| 49666446 | multiplier effect | the idea that every one dollar of spending creates more than one dollar in economic activity | |
| 49666447 | automatic stabilizer | a government program that changes automatically depending on GDP and a person's income | |
| 49666448 | supply-side economics | a school of economics that believes tax cuts can help an economy by raising supply | |
| 49666449 | CEA | a group of 3 respected economists that advise the President on economic policy |
