During a Discussion, Dr

question 34

Multiple Choice

During a discussion, Dr. Mansfield argues that Asch's participants conformed to the confederates' responses because they wished to be correct about the lengths of the lines in the experiment. Dr. Roarch counters that the participants conformed because they simply sought the confederates' approval. Dr. Mansfield is suggesting that Asch's conformity is an example of _____ social influence. Dr. Roarch is suggesting instead that it reflects ____social influence.

• A)central; peripheral
• B)peripheral; central
• C)normative; informational
• D)informational; normative

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Definitions:

Loanable Funds

This refers to the total amount of funds available for borrowing in the financial markets, determined by the saving rate and investment demands.

Equilibrium Interest Rate

The rate of interest where the quantity of money sought equals the amount available, equilibrating investment and savings across the economy.

Loanable Funds

The funds in financial markets that are available for borrowing, reflecting the relationship between the demand for and supply of these funds.

Interest Rate

The fee, shown as a percentage of the principal amount, that a lender imposes on a borrower for the use of funds.