Chapter 11 Crossword

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Across
  1. 2. a tax for which the percentage of income paid in taxes increases as income increases
  2. 4. government policy that attempts to manage the economy by controlling taxing and spending
  3. 7. the minimum interest rate set by the Federal Reserve for lending to other banks
  4. 10. required govt spending by permanent laws
  5. 13. proportional tax on individual income after a specified threshold has been reached
  6. 14. an income qualification program that determines whether one is eligible for benefits under government programs reserved for lower-income groups
  7. 15. the process of an ever-expanding and increasingly interactive world economy
  8. 17. allows the Congress to levy an income tax without apportioning it among the states or basing it on the United States Census.
  9. 18. a federal program of health insurance for persons 65 years of age and older
  10. 20. seven-member board that sets member banks reserve requirements, controls the discount rate, and makes other economic decisions
Down
  1. 1. federal and state assistance program that pays for health care services for people who cannot afford them
  2. 3. policies for which Congress has obligated itself to pay X level of benefits to Y number of recipients; Social Security benefits are an example
  3. 5. allows open/free trade between the US, Mexico, and Canada.
  4. 6. certificate issued by a government or private company which promises to pay back with interest the money borrowed from the buyer of the certificate
  5. 8. a list of potential policy ideas, bills, or plans to improve society
  6. 9. a general increase in prices and fall in the purchasing value of money
  7. 11. 2010 federal legislation designed for comprehensive health reform, with an intent to expand coverage, control health care costs, and improve the health care delivery system
  8. 12. the percentage of deposits that banking institutions must hold in reserve
  9. 16. government policy that attempts to manage the economy by controlling the money supply and thus interest rates.
  10. 19. US government agency that is responsible for the collection and enforcement of taxes