The political business cycle refers to the:
A) pattern of holding primaries, conventions, and general elections every four years.
B) cycle of electing U.S. representatives every two years, the U.S. president every four years, and U.S. senators every six years.
C) manipulation of the economy to win elections.
D) pattern of recession and expansion that follows every election.
Correct Answer:
Verified
Q36: If past policies kept the economy insulated
Q37: Automatic stabilizers:
A) require congressional action before each
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Q43: An argument in favor of allowing discretionary
Q44: If policymakers are free to analyze events
Q45: A situation where policymakers have the incentive
Q46: As Secretary of the Treasury, Alexander Hamilton
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