Puzzle Thingy

1. Reserve System a group consisted of 12 independent regional banks that could lend to other banks in times of need
4. income tax pay as you earn system
6. Taxes tax on the estate or total property of person who has died
7. Money increase money supply will lower interest rates thus encouraging investment spending
10. Spending Social security, medicare, medicaid, government must pay the amount required
11. policy the use of government spending and revenue collection to influence the economy.
14. national health insurance program in the United States, begun in 1966 under the Social Security Administration
15. Policy Drops GDP and used to drop demand
18. taxes out of work still collecting money to live off of, have to be looking for a new job
19. tax tax on money or property that one living person gives to another

2. Policy used to expand the economy, initiate growth, and increase output
3. taxes General revenue tax on the sale or manufacture of a good
5. income Person’s gross income-including salaries, and wages
8. taxes a tax that charges a higher rate for people who earn a higher income
9. GDP
10. Policy Actions the Federal Reserve takes to influence inflation
11. Year October 1st to September 30th
12. security tax used to fund old age, survivors, and disability insurance
13. budget written document estimating the federal government’s spending in the coming year
16. Money reduce the money supply will increase interest rates and cause spending to
17. taxes imported goods brought into the country