The supply of land being fixed, the earnings from land are called transfer earnings

Third parties generally cannot win elections under a majority vote system because _____

a. the original two parties make it illegal for third parties to exist b. the original two parties are able to use the power of incumbency to raise the large amount of money necessary to run a winnable election c. the original two parties will have already split the voting population by placing their platforms on either side of the median voter d. the original two parties have already "locked-in" most eligible voters as members of their parties

If the economy were left on its own without the interference of government or the Fed, it would move toward an equilibrium rate of growth that would produce, with only minor interruptions, full employment without inflation. What school supports this view?

a. Classical. b. Keynesian. c. Monetarism. d. Supply-side. e. Neo-Keynesian.