Discuss the two major economic worries faced by members of Congress:
unemployment and inflation. What options are available to address them?
What will be an ideal response?
An ideal response will:
1, Discuss the two philosophies for addressing these problems, which are monetary policy and fiscal policy.
2, Explain how members of Congress have few tools available for managing the money supply to manage inflation, which is almost entirely in the hands of the Federal Reserve Board.
3, Explain how members of Congress can use fiscal policy to increase or decrease taxes and government spending to affect unemployment.
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The people are the ultimate source of authority on which governmental system?
a. Monarchy b. Dictatorship c. Republic d. Oligarchy
States are not required to give "full faith and credit" to the laws, records and court decisions of another state
Indicate whether the statement is true or false
American Indian tribes __________
a. have a political status like a state b. are considered members of quasi-sovereign entities c. are governed by all state and federal laws and regulations d. do not have the ability to make any public policies that are inconsistent with state law
We refer to states whose governments can no longer provide the basic necessities as __________
a. imperial b. indebted c. bankrupt d. corrupted e. failed