The political business cycle refers to the possibility that:
A. incumbent politicians will be reelected regardless of the state of the economy.
B. politicians will manipulate the economy to enhance their chances of being reelected.
C. there are more recessions prior to elections.
D. recessions coincide with election years.
Answer: B
You might also like to view...
If the basket of goods purchased by the typical consumer costs $188.80 this year and it cost $160 in the base year, prices have risen ________ since the base year
A) 14.89% B) 18% C) 28.8% D) 188.8%
For the period 1947-2012 in the United States, the price level was
A) acyclical. B) bicyclical. C) procyclical. D) countercyclical.
The marginal propensity to consume is defined as the
What will be an ideal response?
If you own a bond with a six percent coupon rate and new bonds are paying six percent, what will happen to your bond's market price?
What will be an ideal response?