Examlex
Which of the following is NOT associated with the new growth theory?
Fiscal Policy
Changes in government spending and tax collections designed to achieve full employment, price stability, and economic growth; also called discretionary fiscal policy.
Paradox Of Voting
A situation in democratic decision-making where rational individual choice can lead to an outcome that seems irrational or suboptimal for the group.
Principal-Agent Problem
A dilemma in economics where one party (the agent) is expected to act in the best interest of another party (the principal) but may have a conflict of interest.
Paired-Choice Votes
Paired-choice votes involve voters making choices between pairs of candidates or options rather than voting for a single option amongst many.
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