Which of the Following Is an Example of the Use

question 116

Multiple Choice

Which of the following is an example of the use of social comparison?

• A)Matt feels he is satisfied with his life after meditating by himself.
• B)Matt feels he is rich when his friends have a lower annual income.
• C)Matt feels he is smart when he is among a group of smart colleagues.
• D)Matt feels he should take care of his health after he suffers a cardiac arrest.

---

Definitions:

Increased Taxes

A financial situation where a government raises the rates of taxes, affecting individuals or businesses.

Reduced Government Spending

A situation where the government decreases its expenditure in various sectors to manage its budget, often affecting public services and investments.

Expansionary Monetary Policy

Government actions to increase the money supply in an effort to cut the cost of borrowing, which encourages business decision makers to make new investments, in turn stimulating employment and economic growth.

Money Supply

The total amount of monetary assets available in an economy at a specific time.