The median voter is a voter
A. who usually never votes.
B. who usually votes based on principle rather than logic.
C. whose preference represents the middle point of all voters' preferences.
D. who rationally calculates whether to vote in an election.
Answer: C
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Today, the United States charges an average tariff rate of less than 1.5 percent
Indicate whether the statement is true or false
With normally-sloped IS and LM curves, an increase in government expenditure ________ consumption expenditure since autonomous consumption ________ while induced consumption ________
A) can raise or lower, falls, rises B) can raise or lower, rises, falls C) must decrease, falls, also falls D) must decrease, rises, falls E) must increase, rises, also rises
Assuming that C + I + G > C + Ir + G, then
a. aggregate demand exceeds than output. b. unplanned inventories are negative. c. there is an unintended inventory accumulation. d. Both a and c e. None of the above
If expectations of future income become more optimistic, which of the following would occur?
a. Nothing would occur. b. The consumption-income line would shift downward. c. The consumption-income line would shift upward. d. There would be an rightward movement along the consumption-income line. e. There would be a leftward movement along the consumption-income line.