hw check 3/20

Question 1

fiscal policy

Answer 1

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

Question 2

federal budget

Answer 2

written document estimating the federal government’s revenue and authorizing its spending for the coming year

Question 3

fiscal year

Answer 3

a 12-month period used for budgeting purposes

Question 4

appropriations bills

Answer 4

bills submitted by the Appropriations Committee to authorize specific spending

Question 5

expansionary policy

Answer 5

fiscal police that tries to increase output

Question 6

contractionary policy

Answer 6

fiscal policy intended to decrease policy

Question 7

steps

Answer 7

1: agencies submit spending proposals
2: executive branch draws up a budget
3: congress debates
4: back to the white house