Political business cycles are due primarily to ______ voters.

Question

Quizplus · Accepted Answer

Political business cycles are due primarily to myopic voters, who focus on short-term economic conditions rather than the long-term consequences of policy decisions. These voters may support expansionary policies leading up to an election in hopes of boosting the economy in the short-term, even if those policies may have negative long-term effects. Rationally informed and forward-looking voters are less likely to be influenced by short-term economic conditions and would prioritize long-term economic stability. Rationally ignorant voters simply do not have enough information to make informed decisions about economic policies.

Political Business Cycles Are Due Primarily to ______ Voters