When an Agency Issues a Substantive Rule, It Is Generally

question 141

Multiple Choice

When an agency issues a substantive rule, it is generally required by the APA to:

• A) interview all parties who will be affected by the regulation before it issues a final order
• B) provide public notice and the opportunity for interested parties to comment
• C) inform the President of the proposed rule
• D) receive the approval of both houses of Congress before it issues a final order
• E) inform the President of the proposed rule and receive the approval of both houses of Congress before it issues a final order and interview all parties who will be affected by the regulation before it issues a final order

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Definitions:

GDP Deflator

An index that measures the change in prices of all new, domestically produced, final goods and services in an economy over a period of time.

Inflation Rate

The magnitude of price escalation for goods and services across the board, causing a drop in consumer purchasing prowess.

Inflation Rate

The percentage increase in the general price level of goods and services in an economy over a given period, often measured annually.

GDP Deflator

An assessment tool for the prices of all new, domestically created, final goods and services in an economy.