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Fiscal Policy Jeopardy

Fiscal Policy Jeopardy. F ederal B udget. Aggregate Demand. Spending. Taxes. Tools. Q $100. Q $100. Q $100. Q $100. Q $100. Q $200. Q $200. Q $200. Q $200. Q $200. Q $300. Q $300. Q $300. Q $300. Q $300. Q $400. Q $400. Q $400. Q $400. Q $400. Q $500. Q $500. Q $500.

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Fiscal Policy Jeopardy

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  1. Fiscal Policy Jeopardy Federal Budget Aggregate Demand Spending Taxes Tools Q $100 Q $100 Q $100 Q $100 Q $100 Q $200 Q $200 Q $200 Q $200 Q $200 Q $300 Q $300 Q $300 Q $300 Q $300 Q $400 Q $400 Q $400 Q $400 Q $400 Q $500 Q $500 Q $500 Q $500 Q $500 Final Jeopardy

  2. $100 Question from Taxes A required payment to a local, state, or national government

  3. $100 Answer from Taxes What is a tax

  4. $200 Question from Taxes Income received by the government from tax collection

  5. $200 Answer from Taxes What is revenue

  6. $300 Question from Taxes The three types of tax structures

  7. $300 Answer from Taxes What are proportional, progressive, and regressive

  8. $400 Question from Taxes This funds Social Security and Medicare

  9. $400 Answer from Taxes What is FICA (Federal Income Contributions Act)

  10. $500 Question from Taxes The four characteristics of a good tax

  11. $500 Answer from Taxes What are simplicity, efficiency, certainty, and equity

  12. $100 Question from Federal Budget A written document indicating the amount of money the government expects to receive and how they will spend it

  13. $100 Answer from Federal Budget What is a federal budget

  14. $200 Question from Federal Budget During this step Congress makes changes to the budget and sends the amended budget to the President

  15. $200 Answer from Federal Budget What is Step 3

  16. $300 Question from Federal Budget Occurs then the government spends more than it takes in

  17. $300 Answer from Federal Budget What is budget deficit

  18. $400 Question from Federal Budget The total amount of money the federal government owes to bondholders

  19. $400 Answer from Federal Budget What is the national debt

  20. $500 Question from Federal Budget A type of loan with a promise to repay with interest

  21. $500 Answer from Federal Budget What is a bond

  22. $100 Question from Spending Programs that lawmakers are required by existing laws to spend money on

  23. $100 Answer from Spending What is mandatory spending

  24. $200 Question from Spending Spending that government can adjust; increase or decrease

  25. $200 Answer from Spending What is discretionary spending

  26. $300 Question from Spending Social welfare programs that people are entitled to if they meet certain requirements

  27. $300 Answer from Spending What are entitlements

  28. $400 Question from Spending Largest category of federal spending

  29. $400 Answer from Spending What is Social Security

  30. $500 Question from Spending Pays the salaries of people in the army, navy, air force, marines and civilian employees. Largest portion of discretionary spending.

  31. $500 Answer from Spending What is defense spending

  32. $100 Question from Tools Fiscal policy like higher spending and tax cuts that encourage growth

  33. $100 Answer from Tools What is expansionary fiscal policy

  34. $200 Question from Tools Fiscal policy like lower spending and higher taxes that reduce economic growth

  35. $200 Answer from Tools What is contractionaryfiscal policy

  36. $300 Question from Tools The policy used to decrease unemployment

  37. $300 Answer from Tools What is expansionary

  38. $400 Question from Tools The policy used to decrease inflation

  39. $400 Answer from Tools What is contractionary

  40. $500 Question from Tools This policy reduces the budget deficit

  41. $500 Answer from Tools What is contractionary

  42. $100 Question from Aggregate Demand The sum of all supply and demand in an economy

  43. $100 Answer from Aggregate Demand What is Aggregate

  44. $200 Question from Aggregate Demand The four components of Aggregate Demand

  45. $200 Answer from Aggregate Demand What are C + I + G + NX

  46. $300 Question from Aggregate Demand Reasons why Aggregate Demand Curve is downward sloping

  47. $300 Answer from Aggregate Demand What are wealth effect, interest rate effect, exchange rate effect

  48. $400 Question from Aggregate Demand Government spending increases

  49. $400 Answer from Aggregate Demand What is shifts to the right

  50. $500 Question from Aggregate Demand Government implements contrationary fiscal policies

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