Other Things the Same,if Workers and Firms Expected Inflation to Be

question 4

Multiple Choice

Other things the same,if workers and firms expected inflation to be 2%,but it is only 1% then

• A)employment and production rise.
• B)employment rises and production falls.
• C)employment falls and production rises.
• D)employment and production fall.

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Definitions:

Explanatory Style

A psychological attribute that indicates how people explain to themselves why they experience a particular event, either positive or negative.

Learned Helplessness

A psychological condition in which individuals believe they have no control over their environment or outcomes, often resulting from consistent failure or punishment.

Learned Helplessness

A condition in which an individual learns to feel powerless and stops trying to change their situation due to repeated failures or a sense of lack of control.

Learned Optimism

A concept in positive psychology that suggests that a positive attitude can be developed through changing negative thought patterns.