The federal government efforts to keep the economy stable by increasing or decreasing taxes or government spending
the government's plan for how it will raise and spend money
The period from Oct. 1 to Sept. 30 for which government appropriations are made and federal books are kept.
Office of Management and Budget
the executive agency that advises the President on the federal budget
Congressional Budget Office
staff agency that advises Congress on the likely economic effects of different spending programs and provides information on the costs of the proposed policies.
a proposed law to authorize spending money
a fiscal policy used to encourage economic growth, often through increased spending or tax cuts
a fiscal policy used to reduce economic growth, often through decreased spending or higher taxes
policy that says that the government should spend more money, which in turn puts people to work, who in turn will spend more money to improve the economy
stresses the influence of taxation on the economy and tries to increase economic growth by increasing aggregate supply
the idea that every one dollar change in fiscal policy has a greater than $1 effect on the national income.
a budget in which revenues are equal to spending
an excess of tax revenue over government spending
when the government spends more money than it collects in taxes
The natural outcome of monetary authority rapidly and persistently increasing the supply of money
total amount of money the federal government owes to bondholders