The Recession of the Early 1980s Saw

question 39

Multiple Choice

The recession of the early 1980s saw

• A) a mild drop in the rate of growth of GDP coupled with a surprisingly large contraction in consumption expenditure.
• B) one of the most severe declines in GDP of the past 50 years matched in percentage terms by a corresponding reduction in consumption expenditure.
• C) one of the most severe recessions of the past 50 years punctuated only briefly by a small reduction in consumption.
• D) a mild contraction in the rate of growth of GDP matched by a small contraction in consumption expenditure.
• E) none of the above.

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Definitions:

Self-Serving Bias

A cognitive bias where individuals attribute positive outcomes to their own actions and negative outcomes to external factors.

Attribution

The process by which individuals explain the causes of their own and others' behaviors and outcomes.

Positive Organizational Behavior

An area of study within organizational behavior that focuses on the application of positive psychological principles to improve employee performance, satisfaction, and well-being.

Contingencies Of Reinforcement

The specific conditions or situations that determine whether a response will be reinforced, thus affecting the likelihood of the behavior recurring.