Which of the Following Is Not a Way in Which

question 65

Multiple Choice

Which of the following is not a way in which Congress can exercise oversight?

• A) individual constituency case work
• B) committee hearings and investigations
• C) budgeting process
• D) government agencies such as the GAO and the CBO
• E) having members of Congress work part-time for a particular agency that is struggling to meet the demands Congress has placed on it

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Definitions:

Equilibrium GDP

The level of Gross Domestic Product at which the total quantity of goods and services produced equals the total quantity of goods and services purchased.

Deflationary Gap

A condition in which aggregate demand is lower than the aggregate supply potentially leading to deflation.

Full Employment GDP

The total value of all goods and services produced when the economy is operating at full employment, with no cyclical unemployment.

Federal Budget Deficit

The financial situation that occurs when a government spends more money than it receives in revenue, typically measured over a fiscal year.