How Powerful Is the Vice Presidency

question 37

Multiple Choice

How powerful is the vice presidency?

• A)It is strong on domestic issues and weak on foreign policy issues.
• B)It is strong on foreign policy issues and weak on domestic issues.
• C)It was strong before the Great Depression and weak afterward.
• D)It was weak before the Great Depression and strong afterward.
• E)It is generally fairly weak.

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Definitions:

Household Wealth

The total value of all financial and non-financial assets owned by members of a household minus any liabilities.

Consumption Function

An economic formula that expresses the relationship between total consumption and gross national income.

Price Level

An index that measures the average of prices for goods and services in an economy over a period, often used to assess inflation or deflation.

Disposable Income

The leftover money for households to use in savings and for buying things, once income taxes have been considered.