During a primary election, Candidate A receives 45% of the vote, Candidate B receives 30%, and Candidate C receives 25%. This situation illustrates which of the following?
a. A voting cycle
b. Partisan politics
c. The electoral college
d. The median voter result
a. A voting cycle
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International reserves are:
A. foreign currency deposits held by banks to provide international liquidity for domestic customers. B. foreign currency assets held by a government for the purpose of purchasing domestic currency in the foreign exchange market. C. reserves held by banks to back international deposits. D. dollars held by the Federal Reserve to support the value of the dollar.
Two of the three pillars of labor productivity growth responsible for the changes in the United States after 1995 are technological change and
a. labor force improvement. b. labor force growth. c. capital formation. d. consumption growth.
Transfer payments are ________.
A. excluded when calculating GDP, because they do not reflect current production B. excluded when calculating GDP, because they only reflect inflation C. included when calculating GDP, because they are a category of investment spending D. included when calculating GDP, because they increase the spending of recipients
Refer to Exhibit 14-1. What sequence of points shows the short- and long-run consequences of a fall in velocity under monetarist assumptions?
a. B-A b. A-E-B c. A-D-B d. B-D-A