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8 Cards in this Set
- Front
- Back
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Fiscal policy |
The use if government spending and revenue collection to influence the economy |
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Federal budgets |
A plan for the federal government's revenues and spending for the coming year |
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Fiscal year |
A twelve month period that can begin on any date |
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Office of Management and Budget (OMB) |
Government office that manages the federal budget |
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Congressional Budget Office (CBO) |
Government agency that provides economic data to the Congress |
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Appropriations bill |
A bill that sets money aside for specific spending |
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Expansionary policies |
Fiscal policies, like higher spending and higher taxes, that encourage economic growth |
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Contractionary policies |
Fiscal policies, like lower spending and higher taxes, that reduce economic growth |
