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Economics vocabulary
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appropriation
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the law passed by Congress that funds (provides money) to government agencies to carry out their programs
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Terms in this set (139)
appropriation
the law passed by Congress that funds (provides money) to government agencies to carry out their programs
authorization
the law passed by Congress that states the maximum amount of money Congress may appropriate for government programs
automatic stabilizer
program that automatically provides benefits to offset a change in people's incomes
balanced budget
a budget in which the money going out is equal to or less than the money taken in
bank
a business that keeps money for customers, makes loans, and provides other money-related services
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