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9 Cards in this Set
- Front
- Back
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Balanced budget |
A budget in which revenues are equal to spending |
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Budget surplus |
Situation in which the government takes in more than it spends |
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Budget deficit |
A situation in which the government spends more than it takes in |
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Hyperinflation |
Very high inflation |
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Treasury Bill |
A government bind that is repaid within three months to a year |
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Treasury note |
A government bond that is repaid within two to ten years |
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Treasury bond |
A government bind that can be issued for as long as 30 years |
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National debt |
All the money the federal government owes to bondholders |
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Crowding-out effect |
The loss of funds for private investment due to government borrowing |
