In Order to Have Reliable Information About the Costs and Impact

question 76

Multiple Choice

In order to have reliable information about the costs and impact of economic policies, Congress created the ________.

• A) Federal Reserve Board
• B) Office of Management and Budget
• C) Congressional Budget Office
• D) Congressional Oversight Commission
• E) Congressional Research Service

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Definitions:

Common Information Effect

The tendency for group members to focus on information that all members share, often at the expense of unique information held by individual members.

Discussion

A process in which individuals exchange ideas, opinions, or information through spoken or written communication.

Hidden Profile

A situation in group decision-making where the optimal solution is only apparent when non-shared information from all members is compiled.

Information Dependence

The extent to which individuals or organizations rely on others for obtaining information.