The Results of an Election Are Summarized in the Following

question 4

Short Answer

The results of an election are summarized in the following preference table. If the plurality method is used to determine the winner, decide whether the head-to-head comparison criterion has been violated and explain your answer.

$\begin{array}{l|cccc}\text { Number of votes } & 2 & 15 & 18 & 1 \\\hline \text { First choice } & \mathrm{Z} & \mathrm{W} & \mathrm{Z} & \mathrm{C} \\\text { Second choice } & \mathrm{W} & \mathrm{Z} & \mathrm{C} & \mathrm{W} \\\text { Third choice } & \mathrm{C} & \mathrm{C} & \mathrm{W} & \mathrm{Z}\end{array}$

A) No. In a head-to-head comparison Z won over C and W.
B) Yes. In a head-to-head comparison Z won over W but lost to C.
C) No. Z is the plurality winner.
D) Yes. In a head-to-head comparison Z won over C but lost to W.

• A) No. In a head-to-head comparison Z won over C and W.
• B) Yes. In a head-to-head comparison Z won over W but lost to C.
• C) No. Z is the plurality winner.
• D) Yes. In a head-to-head comparison Z won over C but lost to W.

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Definitions:

Monetary Neutrality

The concept that changes in the money supply only affect nominal variables, like prices, not real variables like output or employment in the long term.

Classical Dichotomy

The theoretical separation of nominal and real variables

Short-Run Phillips

A theoretical framework that implies a short-term inverse correlation between inflation rates and unemployment levels.

Classical Dichotomy

The theoretical separation of nominal and real variables in an economy, suggesting that changes in the money supply only affect nominal variables and not real variables like output.