When cyclical majorities arise, the winner of an election will be determined by the order in which the choices are presented to the voters
a. True b. False
a
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Which of the following is a macroeconomic statement?
A) Real domestic output of seafood increased 12 percent from 2015 to 2016. B) The U.S. inflation rate was two percent in 2016. C) The price of cell phones decreased by 18 percent last year. D) Motorcycle manufacturer productivity decreased by three percent in 2016.
Nominal GDP is based on prices prevailing when production takes place
Indicate whether the statement is true or false
Three people on a city council have three different spending proposals for snow removal. Mitchell wants to spend $2 million to purchase more trucks and equipment. Williams wants to spend $1 million and purchase half the equipment. Symmes doesn’t
want to purchase any new equipment, but prefers to spend $200,000 for additional stocks of de-icing chemicals. What does the median-voter model suggest will happen in this case? Explain the likely outcome. Please provide the best answer for the statement.
Other things constant, when household "time preferences" ________, business investment tends to ________
A) fall; fall B) fall; rise C) rise; fall D) rise; rise