On What Basis Does the Text Suggest That No One

question 49

Multiple Choice

On what basis does the text suggest that no one in Congress is responsible for the budget as a whole?

• A) One group in each house plans for revenues, and many other groups plan for spending.
• B) The executive branch dominates the process at every point.
• C) Committee chairpersons make the critical decisions in secret.
• D) The election cycle creates too much turnover in membership.
• E) Informal norms prevent members from revealing the sources of key decisions.

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Definitions:

Fiscal Policy

Government adjustments to its spending levels and tax rates to influence a nation's economy.

Recession

A period of temporary economic decline during which trade and industrial activities are reduced, generally identified by a fall in GDP in two successive quarters.

TARP Bailout

The Troubled Asset Relief Program, a U.S. government program created in 2008 to purchase toxic assets and inject capital into banks to stabilize the financial system.

Deposit Multiplier

The ratio of the amount of deposits created by banks to the amount of new reserves.