Fluctuations in Economic Performance Is One of the Two Basic

question 150

Multiple Choice

Fluctuations in economic performance is one of the two basic issues of macroeconomics. The other is

• A) tracking unemployment.
• B) keeping interest rates in check.
• C) long-run economic growth.
• D) monitoring inflation rates.

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Definitions:

Congressional Power

The legal authority granted to the Congress of the United States, under the constitution, to make laws, declare war, levy taxes, and conduct investigations.

Economic Regulation

The imposition of rules by government, aimed at modifying the economic behavior of individuals, firms, or industries to achieve public policy objectives.

Article I

The section of the U.S. Constitution that establishes the legislative branch of the federal government, granting Congress the power to enact laws.

Legislative Power

The authority given to a legislative body to make, amend, or repeal laws.