Government Quiz for Chapter 18!

Government Quiz for Chapter 18!

The book that I am basing it on is: American Government by Wilson. THis is for my Gov 2 class.

published on December 09, 20115 responses 0 5.0★ / 5

The result of whne the government in one year spends more money than it takes in from taxes...

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supply-side theory
deficit
keynesianism
monetary policy

Spending that is not required to pay for contracts, interest on the national debt, or entitlement programs such as Social Security...

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budget
sequester
fiscal policy
descretionary spending

The total deficit from the first presidency down to the present...

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national debt
economic planning
gross domestic product
monetarism

Automatic spending cuts...

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budget
fiscal year
budget resolution
sequester

The total of all goods and services produced in the economy during a given year...

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gross domestic product
deficit
entitlements
fiscal year

A claim for government funds that cannot be changed without violating the rights of the claimant...

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budget resolution
budget
entitlements
economic planning

The belief that inflation occurs when too much money is chasing too few goods...

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Keynesianism
supply-side theory
monetarism
budget resolution

A congressional decision that states the maximum amount of money the government should spend...

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budget resolution
budget
fiscal year
monetary policy

The belief the government must manage the economy by spending more money when in recession and cutting spending when there is inflation...

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monetarism
economic planning
keynesianism
supply-side theory

For the federal government, October 1 through the following September 30...

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budget
gross domestic product
deficit
fiscal year

The belief that government plans, such as wage and price controls or the direction of investment, can improve the economy...

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economic planning
sequester
monetarism
supply-side theory

A document that states tax collections, spending levels, and the allocation of spending among purposes...

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deficit
budget
gross deomestic product
national debt

The belief that lower taxes and fewer regulations will stimulate the economy...

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monetarism
keynesianism
economic planning
supply-side theory

Managing the economy by the use of tax and spending laws...

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fiscal policy
globalization
monetary policy
budget

The growing integration of the economies and societies of the world...

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fiscal year
globalization
budget resolution
entitlements

Managing the economy by altering the supply of money and interest rates...

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sequester
discretionary spending
monetary policy
deficit