Cyclical majorities can occur when _____

a. voters have single-peaked preferences
b. voters are rationally ignorant
c. voters are irrationally ignorant
d. voters do not have single-peaked preferences

d

Economics

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Economic variables that tend to move in tandem with the overall phases of the business cycle are called leading indicators

Indicate whether the statement is true or false

Economics

In an all-currency economy in which real output and the real interest rate are fixed and the rates of money growth and inflation are constant, the inflation rate equals

A) the real interest rate. B) the nominal interest rate. C) the growth rate of the nominal money supply. D) the level of real seignorage revenue.

Economics