When We Look at the Period from 1960 to 2009

question 14

Multiple Choice

When we look at the period from 1960 to 2009, which of the following is TRUE on an average annual basis for the U.S.?

• A)M1 grew by more than M2, but neither grew as much as GDP
• B)the rate of inflation was about the same as the growth rate of M2
• C)the rate of inflation was slightly higher than the growth rate of M1
• D)the inflation rate was about the same as the growth rate of M2 minus the GDP growth rate
• E)GDP growth exceeded the growth rate of M2 but not M1

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Definitions:

Learned Helplessness

A condition in which individuals believe they have no control over the outcomes of events, resulting from repeated exposure to uncontrollable situations.

Feeling

An emotional state or reaction that consciously emerges from experiences, perceptions, or interactions.

Control

in psychology, relates to an individual's ability to influence or direct their environment and outcomes affecting their life.

Optimists

Individuals who tend to maintain a positive outlook on life, expecting the best possible outcomes in various situations.