A Surplus Is the Same as an Excess Demand

question 213

True/False

A surplus is the same as an excess demand.

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Definitions:

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.

Constitutional Amendment

A change or addition to the US Constitution, requiring approval by a significant majority in Congress and ratification by a set number of states.