Economics Chapter 25, Section 3, Managing the Economy
Matching Exercise
Match the items on the right to the items on the left.
Check
when government spends less than it collects on revenues
???
deficit
automatic stabilizers
bonds
debt
surplus
balanced budget
when government spends more than it collects on revenues
???
deficit
automatic stabilizers
bonds
debt
surplus
balanced budget
a contract to repay the borrowed money with interest at a specific time in the future
???
deficit
automatic stabilizers
bonds
debt
surplus
balanced budget
all the money that has been borrowed over the years and has not yet been paid back
???
deficit
automatic stabilizers
bonds
debt
surplus
balanced budget
when spending equals revenues
???
deficit
automatic stabilizers
bonds
debt
surplus
balanced budget
these are programs that begin working to stimulate the economy as soon as they are needed
???
deficit
automatic stabilizers
bonds
debt
surplus
balanced budget
Check
OK