"Time Inconsistency" Refers to the

question 192

Multiple Choice

"Time inconsistency" refers to the

• A)tendency for policies with high short-run benefits to have high long-run costs.
• B)fallacy that what is true for the short run must be true for the long run.
• C)tendency to regularly misjudge in the present what you will do in the future.
• D)tendency to misjudge how long it will take to accomplish a future task.

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Definitions:

Great Awakening

A series of religious revivals in the American colonies in the 18th and early 19th centuries that emphasized emotional spirituality over traditional doctrine.

Religious Emotionalism

Powerful and expressive displays of religious fervor and emotion, often associated with revivalist and charismatic movements.

American Colonies

The English settlements along the Atlantic coast of North America in the 17th and 18th centuries, which later formed the United States.

Republicanism

A political belief system focused on the concept of citizenship within a republic, where sovereignty is vested in the populace.