The Office of Management and Budget is one of the most powerful agencies in Washington because it
A) audits the workings of the IRS to ensure fiscal responsibility.
B) appropriates funds to other departments and agencies.
C) oversees the operation of the executive branch and the bureaucracy.
D) assists in the preparation of the federal budget and monitors federal agencies throughout the year.
E) authorizes all budget resolutions and guides the budget through approval in Congress.
D
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Which of the following market failures is a consequence of increasing returns to scale by a particular company?
A. externality B. failure to provide public goods C. information asymmetry D. sustainability issues E. monopoly
Who is primarily responsible for making monetary policy in the United States?
a. Congress b. the president c. the Department of the Treasury d. the Federal Reserve Board