All of the Following Are Tenets of Pluralist Theory EXCEPT

question 56

Multiple Choice

All of the following are tenets of pluralist theory EXCEPT that

• A) it is important for democracy to have a large, diverse set of interest groups.
• B) policy making is a competition among diverse interest groups.
• C) policy making is an elite business, staffed by the powerful and highly educated.
• D) interest groups provide a structure for political participation.
• E) interest groups' varying assets tend to counterbalance one another.

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Definitions:

Price Level

A measure of the average prices of goods and services in an economy at a specific time.

Money Supply

The aggregate of financial assets in an economy at a specific moment, which includes cash, coins, and the deposits in checking and savings accounts.

Quantity Equation

An equation that relates the quantity of money in an economy to the level of economic activity, typically framed as MV = PQ.

Price Level

A gauge for the typical prices of products and services in an economy at a certain time.