2. Hosted by Mr. Kay

3. 100 200 400 300 400 Bureaucracy Executive Departments Taxes Fiscal and Monetary Policy 300 200 400 200 100 500 100

4. Row 1, Col 1 the three features of a bureaucracy What are hierarchical structure, job specialization, and formalized rules?

5. 1,2 The three components of the Federal bureaucracy What are the Executive Office of the President, the Executive (cabinet) departments, Independent agencies?

6. 1,3 The largest source of tax revenue for the federal government What is personal income tax?

7. 1,4 The group responsible for fiscal policy within the United States Who is Congress?

8. 2,1 The three components of the Federal bureaucracy within Executive branch What are the Executive Office of the President, the Executive (cabinet) departments, Independent agencies

9. 2,2 The Department responsible for the printing of money What is the Department of Treasury?

10. 2,3 tax which increases as wealth increases, and places a greater tax burden on the wealthy What is a progressive tax?

11. 2,4 The manipulation of interest rates as well as currency in circulation as dictated by the Federal Reserve. What is monetary policy?

12. 3,1 An independent agency that functions as a business What is a government corporation?

13. 3,2 A group who used to be the President’s main advisory group but has see its importance decrease over the years. What is the President’s Cabinet?

14. 3,3 Often referred to as a “sin” tax, a tax on items the government discourages frequent purchases of What is an excise tax?

15. 3,4 The means by which government adjusts tax rates and spending to influence the economy. What is fiscal policy?

16. 4,1 The Department that is Responsible for border security What is the Department of homeland security?

17. 4,2 The head of the Department of Justice Who is the Attorney General?

18. 4,3 Any tax that comes directly out of an individuals paycheck. What is a payroll tax?

19. 4,4 The theory that in bad economic times, the government should borrow money and keep the economy going strong What is Keynesian Economics?

20. 5,1 The organization within the EOP that the President consults regarding military and foreign policy issues What is the National Security Council?

21. 5,2 The four oldest cabinet positions in the order in which they were created Who are the Secretary of State, Treasury, Defense (War), and the Attorney General?

22. 5,3 When government spending is greater than revenue during any given fiscal year. What is a deficit?

23. 5,4 The three common goals of fiscal and monetary policy What are economic growth, full employment, price stability?