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Political Ideology and Policy

Courtney Keane

Chapter 11 Vocabulary

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Across
2.how much cash commercial banks must keep in their vaults
3.support for disadvantaged people to meet their basic needs
4.one´s tax rate increases as one´s income increases
6.rising prices and devaluation of the dollar-when there are too many dollars in circulation
7.the part of economic policy that is concerned with government spending and taxation
8.oversees the collection of income tax process
11.how the government manages the supply and demand of its currency and value of the dollar
12.laissez-faire, free market theory
14.Social Security, Medicare, Medicaid, block grants, financial aid, food stamps, money owed on bonds, contractual obligations
15.the interest rate at which the government loans actual dollars to commercial banks
16.helps ease the medical costs of seniors over the age of 65
17.process of an ever-expanding and increasingly interactive world economy
18.taxes citizens at the same rate
19.lifted trade barriers among the United States, Canada, and Mexico, removed import taxes among these powers
20.provides health insurance coverage for the poorest americans
Down
1.sets monetary policy by buying and selling securities or bonds, regulating money reserves required at commercial banks, and setting interest rates
5.paying those who are legally entitled to funds
9.a mechanism by which an increase in spending results in an economic growth greater than the amount of spending
10.determine which citizens who are less fortunate and under the age of 65 qualify for Social Security aid
13.a list of potential policy ideas, bills, or plans to improve society

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