Which of the Following Is One of the Conditions That

question 39

Multiple Choice

Which of the following is one of the conditions that must exist for the median-voter theorem to hold?

• A)There is a simple in-favor/not-in-favor position held by each candidate.
• B)Candidates win by majority vote.
• C)There must be a runoff election in the event of a tie between two or more candidates.
• D)Voters must vote individually for all policies.

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Definitions:

John Maynard Keynes

A UK-based economist whose theories revolutionized both the practice and understanding of macroeconomics as well as state economic policies.

Liquidity Trap

A situation in an economy where interest rates are low or near-zero, causing monetary policy to become ineffective in stimulating the economy.

Speculative Demand

Demand for an asset not for its intrinsic value or use, but for the expectation of selling it at a higher price in the future to make a profit.

Created Money

Money that has been generated through the banking system's lending processes, beyond the base money originally introduced into the economy.