Unit 2 Vocab Flashcards

1
Q

Deficet

A

Spends more then budget/loss

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2
Q

Insurance Trust Fund

A

Pays for medicare, highway, unemployment

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3
Q

Regressive Taxes

A

Pays taxes regardless of income

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4
Q

Fiscal year

A

12 month span, budgeted

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5
Q

Fed

A

central bank of U.S.

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