Thomas Has Concluded That,on Average,he Is Academically Superior to the Peers

question 20

Multiple Choice

Thomas has concluded that,on average,he is academically superior to the peers around him.As a result of this comparison,over the next six months,his self-esteem will ________.

• A)be reliably higher
• B)be increasingly lower
• C)remain high unless his view is challenged by contrary evidence
• D)be high unless friends distance themselves from him
• E)drop as soon as he stops making the self-serving comparisons

---

Definitions:

Nominal GDP

GDP based on prices prevailing at the time of production.

Price Level

A measure of the average prices of goods and services in an economy at a specific point in time.

Aggregate Demand Curve

A graphical representation showing the relationship between the overall price level in an economy and the total demand for goods and services at that price level.

Aggregate Demand Curve

A graphical representation that shows the total quantity of goods and services that all buyers in an economy (including consumers, businesses, and government) are willing and able to purchase at different price levels.