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1. What is the name given to the initial shift from an authoritarian to a democratic regime?
Deauthoritarianization
Democratic transition
Democratic consolidation
Democrifying
2) What is the name given to the increasing strength and stability of a democratic regime after a democratic transition?
3) Which would not likely be found in a consolidated democracy?
Revolt by losing party
Free contesting of ideas
Frequent change in government
Stable regime
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Explain rational expectations in your own words. Using the rational expectations model is the U.S. stock market efficient? Why or Why not?
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