A Small Number of Studies Have Investigated Whether Making an Extra

question 6

Multiple Choice

A small number of studies have investigated whether making an extra effort to be a good judge of personality improves accuracy. According to the textbook, what conclusions can be drawn from this literature?

• A) Extra effort greatly improves accuracy.
• B) Extra effort reduces accuracy by a considerable amount.
• C) Extra effort improves judgments of close friends but not casual acquaintances.
• D) The results of the existing studies are mixed.

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Definitions:

Short Run

A period in economics characterized by fixed factors of production, where only some inputs or resources can be adjusted or varied.

Decreases

A reduction in quantity, size, value, or extent of a specific economic variable or commodity.

Expected Price Level

The anticipated average price across all goods and services in an economy over a future period.

Aggregate Demand

Unified request for the provision of goods and services in an economy, calculated at a specific scale of overall price for a given duration.