The Constitutional Amendment Process Requires

question 8

Multiple Choice

The constitutional amendment process requires

• A)the exercise of judicial review.
• B)extraordinary majorities.
• C)a simple majority.
• D)the exercise of executive privilege.
• E)unanimity in the proposal phase.

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Definitions:

Short-run Phillips Curve

The short-run Phillips Curve represents the inverse relationship between the rate of inflation and the unemployment rate in an economy over a short period.

Expansionary Monetary Policy

A form of macroeconomic policy that aims to stimulate the economy by increasing the money supply or reducing interest rates.

Federal Reserve

The central banking system of the United States, responsible for regulating the nation's financial institutions and managing its monetary policy.

Unemployment

The situation in which individuals who are willing and able to work cannot find employment.