Macroeconomists Think That

question 196

Multiple Choice

Macroeconomists think that

• A)most questions about individual markets are more important than the overall economy.
• B)questions of overall unemployment are less important than the jobs of particular workers.
• C)the details of resource allocation and individual market prices are less important than the amount of national output.
• D)the causes of unemployment usually lie with the personalities of individual workers.
• E)the price of particular products is more important than the overall price level.

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Definitions:

Cognitive Theories

Theories in psychology that emphasize mental processes like perception, memory, and problem-solving as the key to understanding behavior.

Measurable Behaviors

Observable and quantifiable actions or responses that can be empirically assessed or evaluated.

Unconscious Conflicts

Internal struggles, often stemming from childhood, that are not within an individual's conscious awareness but influence emotions and behavior, a concept rooted in psychoanalytic theory.

Extinction

In psychology, the gradual weakening and disappearance of a conditioned response, typically when the conditioned stimulus is no longer paired with the unconditioned stimulus.