Fed Budget Flashcards
1
Q
Monetary policy
A
Regulating $ supple control inflation and adjust interest rates controlled by fed reserve board
2
Q
Fiscal policy
A
^ or lower laces and gov spending programs controlled by exec and leg branches
3
Q
Entitlement program
A
Gov sponsored program that provides mandated benefits to those who meet eligibility requirements. Ss and Medicare are gov entitlement programs
4
Q
Office managment and budget OMB
A
responsible for preparing budget that pres submits to congress
