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LSDefine

Simple English definitions for legal terms

Council of Economic Advisers

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A quick definition of Council of Economic Advisers:

The Council of Economic Advisers (CEA) is a group of three people who work for the President of the United States. Their job is to study and understand how the economy is doing and give advice to the President about what to do to make it better. The CEA was created in 1946 and is still around today. The President picks the members of the CEA and they have to be approved by the Senate.

A more thorough explanation:

The Council of Economic Advisers (CEA) is a group of three people who work in the Executive Office of the President. They are responsible for studying the national economy and giving advice to the President about economic issues.

The CEA was created in 1946 by the Employment Act. It now operates under Reorganization Plan No. 9 of 1953. The President chooses the members of the CEA, but they must be approved by the Senate.

For example, if the President wants to know how a new tax law will affect the economy, they might ask the CEA for advice. The CEA would study the law and give the President their opinion.

Another example is if the President wants to know if the country is in a recession. The CEA would look at data like unemployment rates and GDP to determine if the economy is in a recession.

These examples show how the CEA helps the President make informed decisions about the economy.

councillor | Council of the North

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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