Amer Gov kt Federal Budget

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Author:
karrinschultz
ID:
172530
Filename:
Amer Gov kt Federal Budget
Updated:
2012-09-22 12:23:18
Tags:
CLEp
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KEY TERMS
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  1. Monetary policy
     Monetary policy ivolves regulating the money supply, controlling inflation, and adjusting interest rates. Monetary policy is controlled byy the Federal Reserve Board. 
  2. Fiscal Policy
    raising and lowering taxes and government spending programs. fiscal policy is controlled by the executive and legislative branches.
  3. Entitlement Program 
    A government-sponsored program that provieds mandated benefits to those who meet eligibility requirements. Social Security and Medicare are the governmetn's largest entitlement programs.
  4. Office of Managment and Budget (OMB)
    The OMB is responsible for preparing the budget that the president submits to Congess.

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