Monica Was Participating in a Psychology Experiment and Was Asked

question 12

Multiple Choice

Monica was participating in a psychology experiment and was asked to discuss her sense of who she is. She mentioned that she is a psychology major, volleyball player, Canadian, woman, daughter, sister, and a volunteer. This definition of who Monica is best encompasses her

• A) social comparisons.
• B) self-esteem.
• C) self-concept.
• D) social identity.

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Definitions:

Dissaving

Occurs when individuals withdraw funds from their savings, often due to expenditures exceeding income during a specific period.

Autonomous Consumption

The level of consumption that occurs when income is zero; it is the base level of spending that must occur even if an individual has no income.

Total Consumption

The aggregate amount of goods and services consumed by individuals or entities within a particular economy.

Savings Rate

The savings rate is the proportion of disposable income that is saved by households rather than spent on consumption.