which of the following best describes the membership of a joint committee, such as the joint economic committee?

Social Studies

1 answer:

Lorico [155]3 years ago

3 0

<h3>Correct answer choice is:</h3><h2>Members from both the House and Senate.</h2><h3>Explanation:</h3>

The JEC was organized by the Employment Act of 1946 (Public Law 304). Its principal mission is to conduct a progressive investigation of things reporting to the US economy. The Committee operates hearings, conducts analysis and apprises Members of Congress.

Its main responsibilities are to analyze economic situations and promote developments in financial system.

You might be interested in

Which best explains how contractionary policies can hamper economic growth

otez555 [7]

"They reduce disposable income" explains how contractionary policies can hamper economic growth

<h3>Further explanation </h3>

Disposable income is the amount of money that households have,available for spending and saving after income taxes accounted.

Expansionary fiscal policy is an increase in government expenditures, also a decrease in taxes that causes the government's budget deficit to increase or its budget surplus to decrease. In short, expansionary fiscal policy boosts economic growth by lowering interest rates.

Whereas contractionary fiscal policy is defined as a decrease in government expenditures, also an increase in taxes that causes the government's budget deficit to decrease or its budget surplus to increase. Contractionary money policy is used to combat inflation. In short, contractionary fiscal policy hamper economic growth by increasing interest rates.

Contractionary policy increases the cost of borrowing. It can decreases GDP and dampens inflation, but also leads to reduced disposable income. Another negative side effect is it makes an increase in the unemployment rate. Disposable income itself is the amount of money that households have, available for spending and saving after income taxes accounted.

<h3>Learn more</h3>