Which of the Following Statements About Political Parties and Interest

question 28

Multiple Choice

Which of the following statements about political parties and interest groups is most accurate?

• A) Political parties have remained nearly unchanged throughout American history, while interest groups have become considerably less numerous, active, and influential in recent years.
• B) Both political parties and interest groups have become much less active and influential in recent years.
• C) Political parties have become more influential in recent years, while interest groups have become less numerous, active, and influential.
• D) Political parties have declined in influence in recent years, while interest groups have become more numerous, active, and influential.

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Definitions:

Immediate Market Period

A very short time frame in which the supply of goods is fixed, meaning that the quantity available for sale cannot be changed regardless of price.

Equilibrium Price

The price at which the quantity of a good demanded equals the quantity supplied, leading to market stability.

Equilibrium Quantity

The quantity of goods or services that is supplied and demanded at the equilibrium price.

Long Run

A period in which all factors of production and costs are variable, allowing for full adjustment to change.