According to Pluralists, Interest Groups Can Perform a Vital Function

question 120

True/False

According to pluralists, interest groups can perform a vital function in a democracy because elections are inadequate in communicating people's preferences.

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Definitions:

Interest Rates

Interest rates refer to the cost borrowing money, usually expressed as a percentage of the amount borrowed per annum.

Classical Macroeconomic Model

An economic model that emphasizes the role of market forces and flexible price adjustments in achieving full employment and equilibrium in the economy.

Flexible Wages and Prices

An economic condition where salaries and costs can easily adjust in response to supply and demand.

Unemployment

The situation when individuals who are able and willing to work are unable to find employment.