What is federalism?
a. the process of seceding from a nation
b. a system that distributes power across national and subnational governments
c. a special election
d. a political party
e. the concept of a nation with no government
b
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Which of the following strategies does monetary policy dictate in inflationary periods?
a. Congress should increase spending. b. Congress should raise taxes on citizens. c. The Federal Reserve should lower interest rates. d. The Federal Reserve should raise interest rates.
If Congress and/or the president does not agree to a budget, and Congress does not pass a continuing resolution, what will happen?
A) ?The president has the authority to continue spending. B) ?The Supreme Court will intervene. C) ?The federal government will shutdown. D) ?The federal government will operate using state funds. E) ?Congress is dissolved and new elections are held.