The Rational-Expectations Hypothesis Suggests That Errors in Forecasting Future Inflation

question 97

Multiple Choice

The rational-expectations hypothesis suggests that errors in forecasting future inflation rates are due to

• A) random, unpredictable events.
• B) the fact that people assume that the current inflation rate will continue into the future.
• C) the fact that people consistently underestimate future inflation.
• D) the fact that people consistently overestimate future inflation.

Differentiate between the modes of retaining information according to Bandura.

Analyze the role of self-efficacy in gender roles and occupational choices.

Understand the effects of self-efficacy on setting personal goals and job aspirations.

Describe how self-efficacy influences an individual’s online presentation and behavior.

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Definitions:

Conditioned Stimulus

A previously neutral stimulus that, after becoming associated with an unconditioned stimulus, triggers a conditioned response.

Justin Timberlake

An American singer, songwriter, actor, and record producer, known for his contributions to pop music and roles in various films and television shows.

Classical Conditioning

An educational method where two stimuli are consistently associated, leading to a reaction initially triggered by the second stimulus but ultimately induced by the first stimulus alone.

Operant Conditioning

A learning process through which the strength of a behavior is modified by reinforcement or punishment.