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While in Washington, D.C. members of Congress adhere to incredibly complex and jam-packed schedules. Discuss at least three duties members must fulfill and explain why they must tend to that duty. If necessary, detail how that duty might change from one day to the next. Be sure to include examples where possible.
Consumer Price Index (CPI)
An indicator used to gauge inflation by examining the weighted average prices of a selection of consumer products and services.
Circular Flow
A model that illustrates the movement of goods, services, and money among households, businesses, government, and the foreign sector in an economy.
Leakages
In economics, it refers to the withdrawal of potential spending from the economy's circular flow, primarily through savings, taxes, and imports.
Household Production
The creation of goods and services by individuals or families within a home environment, not for formal market exchange.
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