15. Major Entitlement Programs 7 million - Payroll taxes from Federal Govt. Unemployment Insurance ļ fired worker can collect benefits 51 Million - State & Federal Taxes Medicaid ļ pays portion of medical care for low-income people 41 Million - Federal Taxes Medicare ļ pays portion of medical care to elderly 45 million - Payroll taxes from Federal Govt. Social Security ļ monthly stipend to elderly & disabled People Helped Source of Funding Entitlement Program & Definition
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24. Comparing & Contrasting Fiscal and Monetary Policy Ā Ā - Money Supply - Loans & Mortgages - Taxing & Spending - budget Keywords to Help you RememberĀ ā or ā Interest Rate ā or ā Taxes ?Recession? ā or ā Govt. Spending Tools Used to Execute Policy The Federal Reserve aka āThe Fedā President & Congress Who Controls Policy? Govt.ās money supply policies Govt.ās taxing & spending policies Short Definition Monetary Policy Fiscal Policy Ā
25. Economic Cause & Effect If the Economy is in a recession Possible Government Remedies: ā or ā Taxes or ā or ā Govt. Spending or ā or ā Interest Rates