Week 7 Vocabulary Review

Government taxing and spending decisions to manipulate the economy Fiscal policy Monetary policy Bonds Open market operations Discretionary spending Automatic stabilizer National debt National deficit Progressive tax Regressive tax Proportional tax Government taxing and spending decisions to manipulate the economy

Governments deliberate changes to their spending and tax rates. Fiscal policy Monetary policy Bonds Open market operations Discretionary spending Automatic stabilizer National debt National deficit Progressive tax Regressive tax Proportional tax Governments deliberate changes to their spending and tax rates.

Fiscal policy Monetary policy Bonds Open market operations Discretionary spending Automatic stabilizer National debt National deficit Progressive tax Regressive tax Proportional tax Actions that the Federal Reserve takes to manage inflation and economic change.

Tax rates that increase as income increases. Fiscal policy Monetary policy Bonds Open market operations Discretionary spending Automatic stabilizer National debt National deficit Progressive tax Regressive tax Proportional tax Tax rates that increase as income increases.

Formal contract for a loan to the government. Fiscal policy Monetary policy Bonds Open market operations Discretionary spending Automatic stabilizer National debt National deficit Progressive tax Regressive tax Proportional tax Formal contract for a loan to the government.

Total amount of money the government owes to bondholders Fiscal policy Monetary policy Bonds Open market operations Discretionary spending Automatic stabilizer National debt National deficit Progressive tax Regressive tax Proportional tax Total amount of money the government owes to bondholders

Tax rates that decrease as income increases Fiscal policy Monetary policy Bonds Open market operations Discretionary spending Automatic stabilizer National debt National deficit Progressive tax Regressive tax Proportional tax Tax rates that decrease as income increases

Fiscal policy Monetary policy Bonds Open market operations Discretionary spending Automatic stabilizer National debt National deficit Progressive tax Regressive tax Proportional tax Government buying and selling treasury bonds to change the money supply

Tax rates that stay the same as income increases Fiscal policy Monetary policy Bonds Open market operations Discretionary spending Automatic stabilizer National debt National deficit Progressive tax Regressive tax Proportional tax Tax rates that stay the same as income increases

Total amount the government overspends in a fiscal year Fiscal policy Monetary policy Bonds Open market operations Discretionary spending Automatic stabilizer National debt National deficit Progressive tax Regressive tax Proportional tax Total amount the government overspends in a fiscal year

Fiscal policy Monetary policy Bonds Open market operations Discretionary spending Automatic stabilizer National debt National deficit Progressive tax Regressive tax Proportional tax Automatic adjustments to taxes and government spending as the economy changes