Author Question: The political business cycle refers to the possibility that: a. incumbent politicians will be ... (Read 36 times)

ashley · **on:** Jun 30, 2018

The political business cycle refers to the possibility that:
a. incumbent politicians will be reelected regardless of the state of the economy.
b. politicians will manipulate the economy to enhance their chances of being reelected.
c. there are more recessions prior to elections.
d. recessions coincide with election years.

Question 2

The base year in the consumer price index (CPI) is:
a. given a value of zero.
b. a year chosen as a reference for prices in all other years.
c. always the first year in the current decade.
d. established by law.