Historically, How Often Has a Revision Commission Been Used by the Various

question 107

Multiple Choice

Historically, how often has a revision commission been used by the various states?

• A)Infrequently
• B)Somewhat often
• C)Very often
• D)At any given time, about 60% of states have a sitting revision commission.
• E)There have only ever been two.

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Definitions:

Inflation Rate

The percentage increase in the price level of goods and services over a period of time, typically measured on an annual basis.

Real GDP Growth Rate

The Real GDP Growth Rate measures the annual percentage increase in the value of all goods and services produced by an economy, adjusted for inflation.

Federal Reserve

The Federal Reserve is the central banking system of the United States, responsible for setting monetary policy and regulating financial institutions.

Monetary Policy

The actions undertaken by a central bank, such as the Federal Reserve, to control the supply of money and interest rates in order to achieve macroeconomic goals.