Create an account
A document that states tax collections, spending levels, and the allocation of spending among purposes.
A congressional decision that states the maximum amount of money the government should spend.
The belief that government plans, such as wage and price controls or the direction of investment, can improve the economy.
A claim for government funds that cannot be changed without violating the rights of the claimant.
gross domestic product (GDP)
The total of all goods and services produced in the economy during a given year.
The belief that the government must manage the economy by spending more money when in a recession and cutting spending when there is inflation.
The belief that a combination of monetarism, lower federal spending, and supply-side economics will stimulate the economy.
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