Examlex
Suppose the central bank wants to permanently reduce the inflation rate. What are the possible ways of doing so, and what are the consequences?
Internally Oriented
Focusing on one's internal thoughts, feelings, and motivations rather than external stimuli.
Collectivist Cultures
Societies that emphasize the needs and goals of the group as a whole over the needs and desires of each individual.
Individualistic Cultures
Societies that emphasize the needs, goals, and rights of the individual over the needs of the group as a whole.
External Locus of Control
Refers to the belief that outside forces, beyond one's personal control, largely dictate one's life events.
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