Which of the following is not an assumption of the medium voter model?
a. Voters can place all election alternatives along a one-dimensional continuum.
b. Voters always vote their true preference.
c. Voters prefer alternative closer to their preferred outcome.
d. Voters engage in preference falsification.
d
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The RBC model tells us that
A) as the real wage rate rises, the amount of labor supplied and thus output produced falls. B) as the price level rises, the real wage rises, thus raising the amounts of labor supplied and output produced. C) as the real interest rate rises, the amount of labor supplied and thus output produced rises. D) as the price level rises above the expected price level, actual output rises above the natural real GDP.
An excess benefit from corrective taxation arises because the tax revenues can be spent on compensation
a. True b. False
Which of the following can issue bonds?
A) the government B) corporations C) government agencies D) all of the above
The value of the CPI for the reference base period is always
What will be an ideal response?