Ch. 16 Economic Policy
Terms in this set (10)
the overall wealth (income and assets of citizens and corporations) that the government can tax to raise revenue
a system for producing, selling, buying and using goods and services
hands-off stance of a government in regard to the marketplace
government expenditures costing more than is raised in taxes during the budget year, leading to borrowing and spending.
theory that recommends that during a recession, the national government should increase its spending and decrease taxes and during a boom, it should cut spending and increase taxes.
an economic downturn during which unemployment's high and the production of goods and service is low.
government spending and taxing and their effect on the economy
theory that advocates cutting taxes and deregulating business to stimulate the economy
reduction or elimination of government rules and regulations (laws) that businesses and industries must follow
theory that says the government's proper economic role is to control the rate of inflation by controlling the amount of money in circulation.
YOU MIGHT ALSO LIKE...
Principles of Economics
chapter 15 economic and environmental policy: Contributing to Prosperity
American Democracy Now Chpt 16: Economic Policy
AP Government Chapter 16
OTHER SETS BY THIS CREATOR
The Criminal Justice System in Texas - TX Government 2306
Economics of Govt (Ch. 16/23)
Ch. 10-11-12 (16-20)
Ch. 10-11-12 (11-17)
THIS SET IS OFTEN IN FOLDERS WITH...
Ch. 9 DC Campaigns,Voting,Elections (28 terms)
Ch. 4 Civil Liberties - AP/DC
Chapter 18 Magruders v.2
Ch. 1 People, Politics, Participation DC