Interest Groups ________

question 41

Multiple Choice

Interest groups ________.

• A)assume major responsibility for funding recovery efforts after natural disasters
• B)educate and organize voters
• C)regulate driving
• D)provide Medicaid
• E)control Social Security

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Definitions:

Per-capita Income

The average income earned per person in a certain area, calculated by dividing the area's total income by its total population.

Rational Expectations School

An economic idea that assumes individuals make predictions about the future based on all available information and past experiences in a rational manner.

Monetary Policy

The process by which a central bank controls the supply of money in an economy, typically targeting inflation, employment, and economic growth.

Potential Level

The potential level of output, or potential GDP, is the maximum amount of goods and services an economy can produce when it is fully utilizing its resources, without causing inflation to rise.