What are independent regulatory commissions? Provide an example
What will be an ideal response?
Answer: An ideal response will:
1. Define independent regulatory commissions as units in the executive branch that regulate the economy to protect the public interest.
2. Give an example of an independent regulatory commission, such as the Federal Reserve Board.
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Which of the following best describes the consumer price index?
a. Average annual expenditures b. An imaginary budget based on the prices of goods c. An annual adjustment to wages in response to rising prices d. What an American might typically spend in a year for staple items e. The lowest possible budget on which one might live
Which of the following is true of the Cold War?
A. It was a war of words and ideologies. B. It was a war fought between Korea and Vietnam. C. It lasted from the late 1920s through the late 1930s. D. It resulted in the death of thousands of soldiers and civilians. E. It was a result of the tensions between Cuba and Spain.