Suppose a Bill Has Been Introduced and Referred to a Subcommittee

question 24

Essay

Suppose a bill has been introduced and referred to a subcommittee. Let's assume there is support enough to move forward with the legislative process. What happens next? What happens if the bill never makes it out of subcommittee? How can the bill ultimately make it to the floor?

---

Definitions:

Price Level

The mean value of current prices for the economy's wide array of goods and services.

Price Level

An index reflecting the overall cost of commodities and services within an economy.

Inflation Rate

An economy's rate of escalation in prices for goods and services over a given period.

Money Neutrality

An economic theory which postulates that changes in the money supply only affect nominal variables and have no influence on real variables such as output or employment in the long run.