Chapter 16 Sections 2 and 3 Study Guide

Chapter 16 Sections 2 and 3 Study Guide - T or F Treasury...

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Heaton Mitchell T. Heaton Mr. Newport American Government 28 October 2009 _____________________________________ Who wrote “Neither a borrower nor a lender be”? ____________________________ In what year did Congress first exercise its power to borrow? Name the two reasons that Congress borrows money. -__________________________________________ -__________________________________________ ____________________________ Name the early 1900s project Congress borrowed money for. _______________ ____________________ What was a series of government spending and jobs programs designed to stimulate the economy and put Americans back to work during the Depression? Who created it? __________________________ The “New Deal” was based on the economic theories of whom? ______________________________________ What is another name for Keynesian economics? ________________________ __________________ What are the two names for the theory that lower taxes provide a stronger economy?
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Unformatted text preview: T or F Treasury bills are, in effect, IOUspromissory notes in which the government agrees to repay a certain sum, plus interest, on a certain date. ________________________________________________ Currently, what is the Federal debt? ____________________ In the fiscal year 2009, how much will the Federal Government spend? _______________________________________ What is the largest entitlement program today? ___________________________________________ What is the real name for Social Security? T or F Interest on public debt is the fourth-largest category of federal spending. ______________________ ______________________ Name the two types of Federal spending. Heaton ___________________________________ What percent of Federal spending is uncontrollable? _______________________ How many major appropriation bills does Congress pass each year? ____________________________________ When does the fiscal year for the government start?...
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Chapter 16 Sections 2 and 3 Study Guide - T or F Treasury...

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