All of the Following Are TRUE of Great Britain's Constitution

question 30

Multiple Choice

All of the following are TRUE of Great Britain's constitution EXCEPT that it

• A) is not a single, formal written document.
• B) sets up a dual executive with the powers equally shared between the prime minister and the monarchy.
• C) is a combination of state law, common law, convention, and authoritative interpretation.
• D) dates back to the seventeenth century.
• E) All of these are true of Great Britain's constitution.

---

Definitions:

Monetarists

Economists who theorize that alterations in the money supply have a major influence on the national output in the short run and affect price levels over more prolonged periods.

Rational Expectationists

Economists who argue that individuals make decisions based on their rational outlook, available information, and past experiences.

International Capital Flows

The movement of money for the purpose of investment, trade, or business production across international borders.

Central Bank

A bank whose chief function is the control of the nation’s money supply.