When Citizens Circulate Petitions to Gather Signatures to Put a Policy

question 32

Multiple Choice

When citizens circulate petitions to gather signatures to put a policy question on the ballot,it is called a(n) ​

• A)​initiative.
• B)​referendum.
• C)primary.
• D)​recall.
• E)​​procedure.

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Definitions:

Expected Price Level

The anticipated average price of goods and services in an economy over a future period, which influences consumer and business decisions.

Long-Run Aggregate-Supply

The total output of an economy when all resources are fully employed, with prices of inputs and outputs able to adjust to any changes.

Real GDP

The inflation-adjusted value of all goods and services produced within a country's borders in a year, reflecting the actual productivity of an economy.

Price Level

An index reflecting the overall current prices for a wide range of goods and services within the economy, averaged out.