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AP Government > Federal Budget > Flashcards

Federal Budget Flashcards

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0
Q

Fiscal policy

A

Raising and lowering taxes and government spending programs

Controlled by the executive and legislative branch

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1
Q

Monetary policy

A

Regulating money supply
Controlling inflation
Adjusting interest rates

Controlled by federal board

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2
Q

Entitlement program

A

Government sponsored program that provides mandated benefits to those who meet eligibility requirements

Examples social security and Medicare

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3
Q

Office of management and budget

OMB

A

Responsible for preparing the budget that the president submits to congress

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AP Government (8 decks)

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