17 a Theory of Voting According to Which Voters Make Their

question 120

Multiple Choice

17. A theory of voting according to which voters make their decisions based on their answer to the question “What have you done for me lately?” is called

• A)policy voting.
• B)the mandate theory of elections.
• C)retrospective voting.
• D)political efficacy.
• E)prospective voting.

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Definitions:

Fiscal Policy

Government policy regarding taxation and spending that is used to influence the economy, including actions to manage the budget deficit or surplus to achieve economic objectives.

Real Output

The measure of goods and services produced in an economy, adjusted for inflation, reflecting the actual value of goods and services.

Money Supply

The total amount of monetary assets available in an economy at a given time.

Prolonged Inflation

An extended period of time during which prices in an economy consistently rise, diminishing purchasing power.