To Keep Track of Long-Run Growth and Short-Run Fluctuations, Economists

question 10

Multiple Choice

To keep track of long-run growth and short-run fluctuations, economists will look at statistics such as:

• A)interest rate and, stock market prices.
• B)stock market prices only.
• C)inflation, expected rate of returns on investments.
• D)real and nominal GDP, unemployment and inflation rates.

---

Definitions:

Ingroup Bias

The tendency to favor one's own group, or ingroup, over other groups, or outgroups, which can affect judgement and behavior.

Stigma Consciousness

The awareness and anticipation of societal stigma, leading to behavior that is often aimed at avoiding discrimination.

Master Status

A predominant social position that overwhelmingly defines a person's identity in the eyes of both themselves and others.

Allport's Four Principal Ingredients

An influential theory by Gordon Allport highlighting traits, motives, values, and self-concept as the core components of personality.