A Well-Run Democracy Is Not Characterized by Which of These

question 5

Multiple Choice

A well-run democracy is not characterized by which of these features?

• A)Government decisions are dominated by special interests.
• B)Government decisions are made on the basis of law.
• C)The media report public policy debates in a fair manner.
• D)Citizens pay attention to public policy debates and then vote their preferences.
• E)Politicians debate questions of public policy honestly.

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Definitions:

Price Level

The broad-based average price across the spectrum of goods and services in the economy.

Real Income

Income of individuals or nations adjusted for inflation, reflecting the actual purchasing power.

Velocity of Money

The rate at which money is exchanged from one transaction to another and used to purchase goods and services, reflecting the economy's activity level.

Nominal GDP

A measure of a country's economic output based on current prices, without adjusting for inflation.