| Description: |
S1 Terms: fiscal policy, federal budget, fiscal year, Office of Management and Budget (OMB), Congressional Budget Office (CBO),
appropriations bill, expansionary policies,& contractionary policies
S2 Terms: classical economics, productive capacity, demand-side economics, Keynesian economics, multiplier effect, automatic-stabilizer, supply-side economics, & Council of Economic Advisers (CEA)
S3 Terms: balanced budget, budget surplus, budget deficit, hyperinflation, Treasury bill, Treasury note, Treasury bond, national debt, & crowding-out-effect. |
