-In the Above Figure, the Axis Break in the X-

question 119

Multiple Choice

-In the above figure, the axis break in the x- axis

• A) reflects the fact that for the years covered in the figure, the unemployment rate was never less than 3 per cent.
• B) misleadingly shows that inflation has changed very little even though the unemployment rate has increased a great deal.
• C) implies that for the years covered in the figure, the inflation rate was always greater than 1 per cent.
• D) shows that there is no relationship between inflation and unemployment.

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Definitions:

Fundamental Attribution Error

The tendency to overemphasize personality-based explanations for behaviors observed in others while underemphasizing the role and power of situational influences.

Think Alike

A phrase indicating that two or more people have similar thoughts, ideas, or patterns of thinking.

Harmony

A pleasing combination or arrangement of different things, often referring to music, relationships, or the balance in nature.

Self-Serving Bias

The common human tendency to attribute positive events to one's own character but attribute negative events to external factors.