What Is a Party System

question 19

Multiple Choice

What is a party system?

• A) the organization of the party in the electorate, party in government, and party organization
• B) a term used to describe different periods of time in which parties and issues are stable
• C) the method of selecting nominees for offices through political parties
• D) a set of objectives outlining the party's issue positions and priorities

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Definitions:

Multiplier

A factor used in economics to quantify the effect of investment spending on the aggregate income or output of an economy.

Full Retirement Age

Age at which a person receives full retirement Social Security benefits.

IRA

An Individual Retirement Account, a saving tool that allows individuals to set aside money for retirement with tax advantages.

401k

A retirement savings plan that is sponsored and set up by an employer for its employees; like other retirement plans, there are strict rules as to when the money can be withdrawn without a penalty and strict contribution limits which change from year to year.