Use the Plurality Method to Determine the Winner of the Election

question 48

Essay

Use the plurality method to determine the winner of the election summarized in the following
preference table. Has the head-to-head comparison criterion been violated?

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Definitions:

Stagflation

An economic condition characterized by slow growth, high unemployment, and high inflation, presenting a challenging environment for monetary policy.

Aggregate Supply

Aggregate supply is the total supply of goods and services that firms in an economy are willing and able to produce at a given overall price level in a specific time period.

National Debt

The total amount of money that a country's government has borrowed by issuing securities, typically through bonds.

Fiscal Deficit

The financial shortfall when a government's expenditures exceed its revenue.