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15-3 vocabulary jw

QuestionAnswer
Occurs when the government takes in more than it spends. Budget Surplus
Occurs when government spends more than it takes in. Budget Deficit
A government practice of spending more than it takes in for a specific budget year. Deficit Spending
the money that the government owes. National Debt
A governement bond that matures in less than ohne year Treasury bills
A government bond that matures between two and ten years Treasury notes
A government bond that matures in 30 years. Treasury Bonds
Funds that are held for specific purposes to be expended at a future date. Trust Funds
The result of the government's outbidding private bond interest rates Crowding-out effect
Created by: joannw15
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