Groupthink Is Defined as

question 621

Multiple Choice

Groupthink is defined as

• A) the mode of thinking that occurs when the desire for harmony in a decision-making group overrides a realistic appraisal of alternatives.
• B) enhancement of a group's prevailing inclinations through discussion within the group.
• C) improved performance on simple or well-learned tasks in the presence of others.
• D) the loss of self-awareness and self-restraint that occurs in group situations that foster arousal and anonymity.

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Definitions:

Aggregate Supply Curve

A graphical representation that shows the relationship between the overall price level in an economy and the total production of goods and services by that economy.

Actual Price Level

The current average of all prices of goods and services in an economy, as measured at a particular point in time.

Real GDP Supplied

Real GDP supplied is a measure of the total value of all goods and services produced within a country, adjusted for inflation, from the supply perspective.

Expected Price Level

The anticipation or forecast of future prices in the economy, influencing consumers' and investors' decisions.