Over Time Both Real GDP and the Price Level Have

question 237

Multiple Choice

Over time both real GDP and the price level have trended upward.Which of these trends would the classical dichotomy say could be explained by an upward trend in the money supply?

• A)both the upward trend in real GDP and the upward trend in the price level
• B)the upward trend in real GDP but not the upward trend in the price level
• C)the upward trend in the price level but not the upward trend in real GDP
• D)neither the upward trend in the price level nor the upward trend in real GDP

Differentiate between political parties and other political organizations like interest groups.

Understand the principles and impacts of the two-party system, including the winner-take-all principle.

Describe the political ideologies and demographic characteristics associated with contemporary political parties.

Explain the effects of historical events on political party development and voter alignment.