Equilibrium Expenditure Occurs Where the Aggregate Expenditure Curve Crosses the

question 361

Multiple Choice

Equilibrium expenditure occurs where the aggregate expenditure curve crosses the

• A) 45-degree line.
• B) horizontal axis.
• C) vertical axis.
• D) consumption function.

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Definitions:

Pocket Veto

A legislative maneuver that allows a president or governor to indirectly veto a bill by retaining it unsigned until it is too late for it to be dealt with during the legislative session.

Congress Adjourns

The formal conclusion or suspension of a legislative session, after which members of Congress leave to return at a later date or for the end of the session.

Veto Message

A statement issued by the president of the United States when vetoing a piece of legislation, outlining his reasons for doing so.

Electoral College

A body of electors established by the United States Constitution, which formally selects the President and Vice President based on the popular vote in each state.