All of the Following Are True About Reference Groups EXCEPT

question 111

Multiple Choice

All of the following are true about reference groups EXCEPT which statement?

• A)People typically want the approval more of their reference group than of other groups.
• B)Reference groups are sources of both informational and normative influence.
• C)People typically trust reference groups more than other groups.
• D)Reference groups are sources only of informational influence.

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Definitions:

Stagflation

A situation in the economy where inflation and unemployment rates are high simultaneously.

Keynesian Demand Management

A strategy based on Keynesian economics that entails adjusting the level of demand in the economy through monetary and fiscal policy to manage economic cycles.

Economy Control

The use of various tools and policies by a government to regulate and oversee the economy’s health and stability.

Stagflation

A condition of slow economic growth and relatively high unemployment – a period of stagnation – accompanied by rising prices (inflation).