Examlex
Suppose the economy is experiencing rapid growth and the unemployment rate is below the natural rate. Using aggregate supply and aggregate demand, explain how the economy adjusts back to potential GDP (full employment).
Self-Serving Bias
A common tendency to attribute one's successes to personal characteristics and failures to external factors.
Situational Attribution
The process of attributing a person's behavior to external or environmental factors, rather than to internal dispositions.
Self-Fulfilling Prophecy
A belief or expectation that influences a person to act in ways that cause the belief to become true.
Human Nature
The innate characteristics, including ways of thinking, feeling, and acting, which all human beings share.
Q4: What is Say's Law?
Q39: Which of the following is a factor
Q41: Explain why a central bank's political independence
Q75: Suppose an economy is currently producing at
Q88: If the flat tax is 27 percent,
Q125: If a bond promises a payment of
Q133: Environmental regulations increase trade and economic well-
Q138: If what a government spends exceeds what
Q163: Refer to Figure 14.3. At an interest
Q181: The Federal Reserve System:<br>A) is different than