If the Consumption Function Is C = 80 + 0

question 209

Multiple Choice

If the consumption function is C = 80 + 0.6Y, then the proportion of each additional dollar that is saved is:

• A) 0.4
• B) 1/0.6 = 1.5
• C) - 0.4
• D) 0.6

Explore various psychological and social influence techniques, including the lowball technique, reciprocity norm, and foot-in-the-door technique.

Understand the concepts of prejudice, discrimination, and ethnocentrism, and how attitudes towards in-groups and out-groups are formed and maintained.

Identify the impact of attributions on people's perceptions of others, including the fundamental attribution error.

Explore how social influences can modify attitudes and behaviors, including through observational learning and persuasion techniques.

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Definitions:

Personality

An individual’s characteristic pattern of thinking, feeling, and acting.

Mood

A temporary state of mind or feeling that can influence an individual's perception, behavior, and responses to various situations.

Psychological Adjustment

involves how well individuals cope with and adapt to the changes and challenges in their lives, maintaining psychological well-being.

Developmental Psychologist

A developmental psychologist is a professional who studies the psychological growth and changes that occur throughout a person's lifespan, from infancy to old age.