Author Question: What special roles do the Budget Committees of the House of Representatives and the Senate play in ... (Read 105 times)

tatyanajohnson · **on:** Jun 29, 2018

What special roles do the Budget Committees of the House of Representatives and the Senate play in creating fiscal policy?

What will be an ideal response?

Question 2

Refer to Figure 7-4. With insurance and a third-party payer system, the equilibrium quantity of medical services is

A) 200. B) 500. C) 700. D) >700.

Viet Thy · **Reply #1 on:** Jun 29, 2018

Answer to Question 1

Each year the Budget Committees of the House of Representatives and the Senate consider the budget proposed by the president, and develop their own ideas of how it should be modified. Eventually, formal conferences between the two houses resolve the differences between them and a series of spending acts and an overall budget act passed.

Answer to Question 2

C