The median voter theorem will be an accurate predicator of the outcomes of elections
A) when a majority of voters have preferences very similar to those of the median voter.
B) only when voter turnout is very high.
C) when a majority of voters have preferences different from those of the median voter.
D) regardless of whether preferences among voters are similar or different from those of the median voter.
D
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In the year ________, for the first time in 30 years, the federal government ran a surplus
A) 1980 B) 1985 C) 1990 D) 1998
Eisenhower wanted producers of weapons and war-related goods to have influence over fiscal policy decisions
Indicate whether the statement is true or false
In the short run, which of the following is FALSE about the shutdown point?
A. Product price is equal to the minimum average variable cost. B. Total revenue is equal to total fixed cost. C. Total revenue is equal to total variable cost. D. Price multiplied by quantity must be equal to minimum average variable cost multiplied by quantity.
Monetary policy designed to counteract a reduction in aggregate demand might include
A. a reduction in the money stock. B. a reduction in short-term interest rates. C. an increase in individual income tax rates. D. increased government infrastructure spending.