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defon
3 years ago
14

What is known as the "incumbency effect?"

History
1 answer:
sveta [45]3 years ago
4 0

Answer:

a) the advantages a candidate who is running for re-election has over the candidate trying to unseat him or her

Explanation:

Incumbency effect can be defined as the advantages a candidate who is running for re-election has over the candidate trying to unseat him or her in a democratic election process.

Basically, it refers to the tendency (phenomenon) for public officials such as senators or house of representative members who are already holding power (office) to get re-elected over an opposition. This ultimately implies that, a candidate contesting with an incumbent candidate is automatically placed at a disadvantage to emerge as the winner election due to the power of incumbency (incumbency effect).

<em>Additionally, the incumbency effect is peculiar to democratic elections and most favorable or stronger for the house of representative members.</em>

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The changes in interest rates affect the money supply because as interest rates fall, people generally hold more cash, restricting the money supply.

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