What Is the Name Given to the Power of the Courts

question 19

Multiple Choice

What is the name given to the power of the courts to determine whether the actions of Congress and the executive branch are permissible under the Constitution?

• A) original jurisdiction
• B) strict construction
• C) judicial review
• D) stare decisis

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Definitions:

Active Fiscal Policy

Government policy that involves altering government spending and taxation to influence the economy.

Short-run Phillips Curve

An economic model depicting an inverse relationship between the rate of unemployment and the rate of inflation in the short-term.

Potential Output

The optimum level of real gross domestic product achievable over a prolonged period without triggering higher inflation.

Expected Inflation Rate

The rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling, as anticipated by consumers and businesses.