Ch. 11-Terms & Concepts_1

Ch. 11-Terms & Concepts_1 - 12. countercyclical...

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1. Fiscal Policy 2. Discretionary fiscal policy 3. balanced budget 4. budget surplus 5. budget deficit 6. national debt 7. Keynesian fiscal policy 8. Keynes’ definition of unemployment 9. Keynes’ definition of inflation 10. Keynes’ fiscal policy cure for unemployment 11. Keynes’ fiscal policy cure for inflation
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Unformatted text preview: 12. countercyclical policy 13. Crowding out 14. difference between the Treasury and the Federal Reserve 15. How does U.S. Government fund deficits? 16. New Classical economists 17. Supply Side economists 18. Marriage Tax...
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