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AMERICAN GOVERNMENT CHAPTER 16

Horizontales
a health insurance program for low-income citizens
people who believe that government almost always operates less efficiently than the private sector and that its actions should be kept to a minimum
taxes applied to specific goods or services as a source of revenue
a temporary contraction of the economy in which there is no economic growth for two consecutive quarters
a program that guarantees benefits to members of a specific group or segment of the population
Verticales
the total amount the government owes across all years
an economic policy that assumes the key to economic growth and development is for the government to allow private markets to operate efficiently without interference
the annual amount by which expenditures are greater than revenues
a way to provide for members of society experiencing economic hardship
an entitlement health insurance program for older people and retirees who no longer get health insurance through their work