Which of the Following Is an Agency Created by Congress

question 34

Multiple Choice

Which of the following is an agency created by Congress to assist in overseeing the
Federal bureaucracy?

• A)the Congressional Budget Office
• B)the Congressional Office on Legislative Affairs
• C)the Office of Management and Budget
• D)the Congressional Oversight Office

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Definitions:

Normal Goods

Goods for which demand increases as consumer income increases, reflecting items that people buy more of as they become wealthier.

Income-Consumption Curve

A graphical representation showing how a consumer's optimal consumption changes in response to changes in income, holding prices constant.

Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity demanded for it.

Downward-Sloping

A term used to describe a line or curve on a graph that moves from the upper left to the lower right, often associated with the demand curve in economics.