Direct majority-rule voting is a form of coercion in the sense that
a. all citizens must vote
b. all registered voters must vote
c. the median voter's preferences determine the outcome for everyone
d. the majority gets exactly what they want, but the minority does not.
e. individuals with higher incomes get more votes
C
Economics
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Firms in monopolistic competition have demand curves that are
A) horizontal. B) vertical. C) downward sloping. D) upward sloping. E) U-shaped.
Economics
When the policy rate hits its lower bound and inflation keeps falling, this portion of the aggregate demand curve is
A) downward sloping. B) upward sloping. C) flat. D) undetermined.
Economics