Across
- 3. the part of economic policy that is concerned with government spending and taxation
- 4. one that taxes citizens at the same rate
- 6. sets the monetary policy by buying and selling securities or bonds, regulating money reserves, and setting interest rates
- 9. provided health insurance coverage for the poorest americans
- 10. a test to determine which citizens would qualify for government aid
- 12. paying those who are legally entitled to cash from the government
- 15. helps ease the medical costs of seniors over the age of 65
- 16. how much cash commercial banks keep in their vaults
- 18. patient protection and affordable care act. expands government regulation of health insurance and makes the service more affordable
- 19. Social Security, Medicare, Medicaid, block grants, financial aid, food stamps, money owed on bonds, and the governments other contractual obligations
- 20. rising prices and devaluation of the dollar
- 22. social security act. created an insurance program that require the employed to pay a small contribution via a payroll tax into an insurance fund designed to assist the unemployed and help financially strapped retirees.
- 23. how the government manages the supply and demand of its currency and thus the value of the dollar
Down
- 1. one’s tax rate increases as one’s income increases
- 2. north american free trade agreement. lifted trade barriers among the three largest north american countries
- 5. a nation that exports more than it imports has a favorable _______
- 7. the government should leave as much of the money supply as possible with the people
- 8. the process of an ever expanding and increasingly interactive world economy
- 11. allows congress to tax people’s income
- 13. the interest rate at which the government loans actual dollars to commercial banks
- 14. internal revenue service. oversees tax collection process
- 17. a list of potential policy ideas, bills, or plans to improve society
- 21. securities (government IOUs)