In 2004 and 2005, Three Special Sessions Were Called in the Texas

question 17

Multiple Choice

In 2004 and 2005, three special sessions were called in the Texas legislature to deal with

• A) tax codes.
• B) deregulation of the pharmaceutical industry.
• C) school finance.
• D) criminal law reform.
• E) budget crises.

---

Definitions:

Inflation

The quickness in the rise of aggregate prices for goods and services, impacting negatively on how much can be bought.

Minimum Wage

The lowest legally permissible wage that employers can pay to workers, set by governmental laws or regulations.

Output

The total amount of goods or services produced by a firm, industry, or economy within a specified time period, reflecting the level of production activity.

Unemployment

The situation in which individuals who are capable of working and willing to work cannot find employment.