Fiscal Policy

2. Economics (John Maynard Keynes) An approach designed to lower unemployment and raise output by stimulating aggregate demand.
5. Economics Federal government's attempt to influence or stabilize the economy through taxes and spending.
6. The delay in identifying changes in GDP due to slow or incomplete economic data.
8. The point where taxpayers feel they are paying more in taxes than they receive in benefits.
9. The concept that changes in investment spending will magnify the effect on total spending.
10. The time between the approval of a policy and when it actually goes into effect.
11. A change in investment spending caused by a change in total spending; lower spending makes investors more cautious.
12. Programs that automatically trigger government spending when economic growth slows.

1. The time it takes lawmakers to debate and pass economic policies.
3. A tax system where reduced income results in paying lower taxes.
4. Social programs with eligibility requirements that provide income supplements (e.g., Social Security).
7. Insurance Payments to workers who lose their jobs through no fault of their own for a limited time.