Across
- 1. Drops GDP and used to drop demand
- 4. national health insurance program in the United States, begun in 1966 under the Social Security Administration
- 5. budget, written document estimating the federal government’s spending in the coming year
- 6. Year, October 1st to September 30th
- 8. out of work still collecting money to live off of, have to be looking for a new job
- 12. pay as you earn system
- 14. tax, tax on money or property that one living person gives to another
- 15. GDP
- 17. income, Person’s gross income-including salaries, and wages
- 18. used to fund old age, survivors, and disability insurance
- 19. Reserve System, a group consisted of 12 independent regional banks that could lend to other banks in times of need
- 20. taxes imported goods brought into the country
- 21. reduce the money supply will increase interest rates and cause spending to decline
Down
- 2. taxes, a tax that charges a higher rate for people who earn a higher income
- 3. the use of government spending and revenue collection to influence the economy.
- 7. Actions the Federal Reserve takes to influence inflation
- 9. Taxes, tax on the estate or total property of person who has died
- 10. taxes, General revenue tax on the sale or manufacture of a good
- 11. Social security, medicare, medicaid, government must pay the amount required
- 13. used to expand the economy, initiate growth, and increase output
- 16. increase money supply will lower interest rates thus encouraging investment spending