Consumption will decrease, real output will decrease, and unemployment will increase.
1974 - United States v. Nixon
This decision established that executive privilege is neither absolute nor unqualified.
Situation: President Richard Nixon's taped conversations from 1971 onward were the object of subpoenas by both the special prosecutor and those under indictment in the Watergate scandal. The president claimed immunity from subpoena under executive privilege.
The Court decided against Nixon 8-0.
Historical significance:
The president is not above the law. After the Court ruled on July 24, 1974, Richard Nixon resigned
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