Merton Used the Term ________To Describe the Unintended Positive Consequences

question 47

Multiple Choice

Merton used the term ________to describe the unintended positive consequences of people's actions that often help a system to adapt.

• A) latent dysfunctions
• B) manifest functions
• C) manifest dysfunctions
• D) positive side effects
• E) latent functions

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Definitions:

Effective Annualized Rate

The interest rate on an investment or loan on an annual basis, taking compounding into account.

Inflation

The rate at which the general level of prices for goods and services is rising, eroding purchasing power.

Effective Interest Rate

The actual annual interest rate that an investor earns or pays, taking into account the effect of compounding over the period.

GICs

Guaranteed Investment Certificates, a secure investment that guarantees to preserve the principal amount while offering a fixed interest rate over a specified period.