Exhibit 20-1 -According to the Data in Exhibit 20-1, If Economic Conditions

question 170

Multiple Choice

Exhibit 20-1

-According to the data in Exhibit 20-1, if economic conditions change such that the unemployment rate declines to 4.5 percent, what is the new value of aggregate hours?

• A)211 billion hours per year
• B)205 billion hours per year
• C)Aggregate hours will be unaffected.
• D)241 billion hours per year
• E)220 billion hours per year

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Definitions:

Compassion

Witnessing someone suffering and wanting to remove that suffering.

Perspective-Taking

The ability to see the world from another’s point of view.

Frame of Reference

A set of criteria or stated values in relation to which measurements or judgments can be made.

Self-Expansion

The desire to expand the self by including traits, qualities, and skills of another.