Which of the Following Statements Concerning Third Parties Is True

question 99

Multiple Choice

Which of the following statements concerning third parties is true?

• A)Third parties are often long-lived.
• B)Third parties often have their programs adopted by one of the two major parties.
• C)The earliest third parties in the United States arose as a result of the Great Depression.
• D)Third parties almost always win at the national level.

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Definitions:

Aggregate-Demand Curve

A graphical representation showing the relationship between the total quantity of goods and services demanded (aggregate demand) and the overall price level, all else being equal.

Foreign Exchange Markets

Markets where currencies are traded, enabling businesses and individuals to convert one currency into another for various purposes including trade, investment, and tourism.

Long-Run Aggregate Supply Curve

A graphical representation showing the relationship between the overall price level and the total output that firms in the economy are willing to produce when all prices, including nominal wages, are fully flexible.

Technological Progress

Innovations and advances in technology that improve the efficiency and capabilities of production, services, and products.