AP Gov Federal Budget Webquest

Monetarypolicyprocessbywhichthemonetaryauthorityofacou

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: cal yearhe practice of using mandatory spending cuts in the federal budget if the cost of running the government exceeds either an arbitrary amount or the the gross revenue it brings . pork barrel spending­is the appropriation of government spending for localized projects secured solely or primarily to bring money to a representative's district. Line­item veto­is the power of an executive authority to nullify or cancel specific provisions of a bill, Balanced Budget Amendment ­a Constitutional Amendment that will require the federal government to balance its budget Fiscal Cliff­the simultaneous expiry of tax breaks and the introduction of tax increases and spending cuts fiscal policy­Government policy that attempts to manage the economy by controlling taxing and spending. monetary policy­process by which the monetary authority of a country controls the supply of money Keynesian economics­Economic theory based on the principles of John Maynard Keynes stating that government spending should increase during bu...
View Full Document

This note was uploaded on 02/13/2014 for the course HISTORY AP Governm taught by Professor Richardhoppock during the Fall '12 term at Hayfield Secondary.

Ask a homework question - tutors are online