Chapter 14 Flashcards
1
Q
Congressional budget office
A
Government agency that provides economic data to Congress
2
Q
Fiscal policy and the economy
A
The total level of government spending can we change to help increase or decrease the output of the economy
3
Q
Crowding out effect
A
The loss of funds for private investment due to government borrowing
4
Q
Gramm rudam Hollings act
A
Created automatic across-the-board cuts and federal expenditures in the deficit exceed A certain amount
