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Table 2.a. Election Outcome by Fiscal Policy, 1872-2000
OUTCOME
FISCAL POLICY
CUTBACK
EXPANSIONARY
Total
Victory
18
2
20
Defeat
4
9
13
Total
22
11
33
Percent correctly predicted: 82%
Ï= 0.001 (Fisher’s exact test).
Table 2.b. Election Outcome by Fiscal Policy, 1916-2000
OUTCOME
FISCAL POLICY
CUTBACK
EXPANSIONARY
Total
Victory
12
2
14
Defeat
1
7
8
Total
13
9
22
Percent correctly predicted: 86%
Ï= 0.002 (Fisher’s exact test).
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