Legislative Rules by an Administrative Agency Do Not Have the Force

question 66

True/False

Legislative rules by an administrative agency do not have the force of law.

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Definitions:

Multiplier

A factor by which an initial change in aggregate spending will alter total economic output through a series of induced spending.

Interest Rate

The amount charged, expressed as a percentage of the principal, by a lender to a borrower for the use of assets.

Crowding Out

An economic situation where private investment decreases due to an increase in government borrowing and spending.

Household Spending

This refers to the total amount of money spent by households in an economy on goods and services over a particular period of time.