Examlex
All of the following conditions must exist for the median-voter theorem to hold except that:
Natural Rate
A theoretical concept referring to the equilibrium level of a variable, such as unemployment or interest, under normal economic conditions without short-term distortions.
Unemployment
A situation where individuals who are capable and willing to work are unable to find employment.
Unemployment Insurance
A government program that provides temporary financial assistance to eligible workers who have lost their jobs.
Job Security
The probability that an individual will retain their job over time, often influenced by economic conditions, employer decisions, and job performance.
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