Study your flashcards anywhere!

Download the official Cram app for free >

  • Shuffle
    Toggle On
    Toggle Off
  • Alphabetize
    Toggle On
    Toggle Off
  • Front First
    Toggle On
    Toggle Off
  • Both Sides
    Toggle On
    Toggle Off
  • Read
    Toggle On
    Toggle Off
Reading...
Front

How to study your flashcards.

Right/Left arrow keys: Navigate between flashcards.right arrow keyleft arrow key

Up/Down arrow keys: Flip the card between the front and back.down keyup key

H key: Show hint (3rd side).h key

A key: Read text to speech.a key

image

Play button

image

Play button

image

Progress

1/24

Click to flip

24 Cards in this Set

  • Front
  • Back
national debt
the total of the nations unpaid deficits
regressive tax
a tax that, even if a fixed rate takes a higher proportion of lower incomes
Temporary assistance to needy families TANF
a welfare program of block grants to states that encourages recipients to work in exhange for timelimited benefits
social insurance
a program that offers benefits in exhange for contributions
balanced budget
a budget in which expenditures equal revenues
cost benefit analysis
an evaluation method in which the costs of the program are compared to the benefits of the policy
economic policy
all different strategies taht goverment officials employ to solve economic problems
entitlement program
a federal program that gaurantees benefits to qualified recipients
surplus
an excess of income over expenditures
interest rate
the cost of barrowing money calculated as a percentrge of the ammoujtn barrowed
capital gains tax
a tax levied on returns from capital investments such as profits from sale of real estate
regulatory policy
a policy designed to restrict or change the behavior of certain groups or individuals
means tested program
social programs whose beneficiaries qualify by demostrating need
Federal reserve system
a twelve bank body established in 1913 to oversee monetary policy by controlling the amount of money banks and other instituions have available to loan
progressive tax
a tax rate whose rate increases with income levels
fiscal policy
the governments use of its taxing an spending powers to regulate the economy
distributive policy
a policy by the whole taxpayer base that address the needs of particular groups
poverty threshold
the income level below which a family is considered to be poor
monetary policy
the use of interest rates to control the money supply in order to regulate the economy
Mass media
means of conveying information to large public audiences
social welfare policy
public policy that seeks to meet the basic needs of poepel who are unable to provide for themselves
deficit
a shortfall between income and expenditure
social security
a social insurance progarm under which individuals make
contributions during working years and collect benefits in retirement
supply side economics
the reagan administrations idea that tax cuts would ultimately generate more not less government revenues by allowing for increased investments and productivity