SET UP YOUR BELL RINGER AND EXIT
TICKET PAGES
Bell Ringers
Apr. 24-28
Exit Tickets
Apr. 24-28
BELL RINGER
4-24-17
What can the
government do to
stabilize the economy
in case of recession?
FISCAL POLICY VOCABULARY
Vocabulary Monday!!!!!!
LESSON FRAME
We will- Analyze the vocabulary
used when describing fiscal
policy
I will- Infer which fiscal policy
counters a deficit
FISCAL YEAR-THE BUDGET YEAR FOR THE FEDERAL
__________ , BEGINNING ON _________ 1ST
SURPLUS- OCCURS WHEN GOVERNMENT _________MORE
THAN WHAT IS SPENT
EXPANSIONARY FISCAL POLICY -RAISING GOV’T
SPENDING AND TRANSFER PAYMENTS, AND LOWERING
TAXES. MOVES _________ TOWARD A DEFICIT
CONTRACTIONARY FISCAL POLICY- LOWER GOV’T
________ AND TRANSFER PAYMENTS, AND _______ TAXES.
MOVES BUDGET TOWARD A _________
KEYNESIAN ECONOMICS - PHILOSOPHY THAT FAVORS
GOVERNMENT SPENDING TO STIMULATE THE__________
WORD BANK
•Collects
•Budget
•Raising
•Economy
•October
•Spending
•Government
•Surplus
FISCAL YEAR-THE BUDGET YEAR FOR THE FEDERAL
GOVERNMENT, BEGINNING ON OCTOBER 1ST
SURPLUS- OCCURS WHEN GOVERNMENT COLLECTS MORE
THAN WHAT IS SPENT
EXPANSIONARY FISCAL POLICY -RAISING GOV’T
SPENDING AND TRANSFER PAYMENTS, AND LOWERING
TAXES. MOVES BUDGET TOWARD A DEFICIT
CONTRACTIONARY FISCAL POLICY- LOWER GOV’T
SPENDING AND TRANSFER PAYMENTS, AND RAISING TAXES.
MOVES BUDGET TOWARD A SURPLUS
KEYNESIAN ECONOMICS - PHILOSOPHY THAT FAVORS
GOVERNMENT SPENDING TO STIMULATE THE ECONOMY
EXIT TICKET
4-24-17
Which fiscal policy is
best to counter a
deficit?