The Powers of Congress Have Grown Tremendously Since Its Inception

question 127

True/False

The powers of Congress have grown tremendously since its inception due in part to the Framers' intent to make its powers as wide-reaching as possible.

---

Definitions:

Aggregate Supply Curve

A graphical representation showing the total supply of goods and services that firms in an economy are willing and able to produce at different price levels.

Maximum Output Level

The highest quantity of goods or services an economy or enterprise can produce using its current resources and technology.

Cyclical Unemployment

When people are out of work because the economy is operating below the full-employment level. It rises sharply during recessions.

Classical Economists

Economists from the late 18th and early 19th centuries who focused on the development of concepts like supply and demand, and the invisible hand theory.