In 1994,Republicans introduced their "Contract with America." This plan
A)included a PAYGO rule.
B)would restrict the ability of monetary policy to affect the economy in the short run.
C)included a line item veto.
D)would make the Federal Reserve even more independent than it already is.
E) all of the above

Question

Quizplus · Accepted Answer

The Contract with America included a line item veto, which would allow the President to veto specific provisions within a larger spending bill. The other options (A, B, and D) are not accurate descriptions of the Contract with America. A PAYGO rule requires that new spending initiatives be offset by spending cuts or revenue increases, and was not part of the Contract with America. Similarly, the Contract with America did not propose to restrict the ability of monetary policy or make the Federal Reserve more independent.

In 1994,Republicans Introduced Their "Contract with America