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I need help with my vocabulary. Au . . E ,o' v *3 05120 Chapter 30 Vocabulary Home Insert Diaw ' Layout Refer'emes Mailings Review

I need help with my vocabulary.

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Au . . E ,o' v *3 05120 Chapter 30 Vocabulary Home Insert Diaw ' Layout Refer'emes Mailings Review View _ Tell me E Share '3' Comments AthCc DdEe AthCEDdEe Subtitle Subtle Empn _ 0pm ' Vac-chm Nome: a contractionary b expansionary c proportional d automatic e progressive scal policy fiscal policy tax stabilizers tax I' budget surplus g cmwding out it regressive tux i national debt j budget deficit Fill in the letter of the term above that is best described below: 1. l: ) aimed at increasing aggregate demand. 2. L) Tax with a direct relationship between percentage of income taxed and size of the income. 3. L) Aimed at reducing aggregate demand. Ljaflattax. 5' g: ) Persons with higher incomes will any a lower percentage of their income in taxes. 6. L) A government: revenues are greater than its expenditures. 7. L) The sum of the indebtedness of the federal government in the form of outstanding interest-earning bonds. It reflects the cumulative impact of budget deficits and surpluses. 8. L) Federal government borrowing increases the interest rates making borrowing by businesses more difficult. 9. L) Total govermrlen't spending exceeds total government revenue during a specific time, 111 ( ) Milt-in features that tend automatically to promote a budget deficit during a recession and a budget surplus during an inflationary boom. even without a change in policy

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