Chapter Fifteen Vocabulary: Fiscal Policy

Question 1

Fiscal Policy

Answer 1

the use of government spending and revenue collection to influence the economy

Question 2

Federal Budget

Answer 2

a plan for the federal government’s revenues and spending for the coming year

Question 3

Fiscal Year

Answer 3

a twelve-month period that can begin on any date

Question 4

Office of Management and Budget (OMG)

Answer 4

government agency that provides economic fate to Congress

Question 5

Congressional Budget Office (CBO)

Answer 5

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