Which of the Following Is True of Executive Order 12291

question 46

Multiple Choice

Which of the following is true of Executive Order 12291?

• A) It provides adjudicatory hearings to respondents who apply for such hearings.
• B) It extends the powers of the Office of Management and Budget so that it now has authority over "pre-rulemaking action" by executive agencies.
• C) It requires executive agencies to perform a cost-benefit analysis of regulations before promulgating a major federal regulation.
• D) It requires executive agencies to use informal, instead of formal, hearings for most regulatory proceedings.

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Definitions:

Unemployment

Unemployment refers to the situation when individuals who are capable of working and are actively seeking employment are unable to find a job.

Financial Crisis

A situation where financial assets suddenly lose a large part of their nominal value, often leading to bankruptcies and economic downturns.

Phillips Curve

An economic concept illustrating an inverse relationship between the level of unemployment and the rate of inflation.

Inflation Rate

The percentage rate of increase in price levels over time, which can erode purchasing power.