Takatoshi Ito (1992) contends that parliamentary governments manipulate the timing of _____ while presidential governments manipulate the timing of _____?
Correct answer: B. elections; economics policies
- A. monetary policy, fiscal policy
- B. elections; economics policies
- C. economic policies; political policies
- D. tax collection, tax implementation
Explanation
The distinction concerns political business cycles: parliamentary governments may time elections around economic conditions, while presidential governments manipulate economic policy timing to influence voters. Therefore, the sequence is elections followed by economic policies.
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About Macroeconomics
The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
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