How does the median voter theory affect economics on a) a macro level and b) a micro level?
How does the median voter theory affect economics on a) a macro level and b) a micro level?
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It doesn’t affect economics directly. It works thru the political process.
The political process screws up all economic theories, because politicians only tell people what they think the people want to hear. Witness the current political positions of the more than 20 people currently running for president.
Now read your text book and learn what your author wants you to know.
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