Which of the Following Statements About the American Economy in the 1970s

question 55

Multiple Choice

Which of the following statements about the American economy in the 1970s is accurate?

• A) As productivity lagged, workers expected wage reductions.
• B) Productivity increased as the expectations of workers concerning wages increased.
• C) Major increases in productivity were accompanied by a decrease in workers' expectations concerning wages.
• D) Although productivity declined, workers' wages usually did not.

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Definitions:

Cognitive Dissonance Theory

A theory suggesting that individuals experience discomfort (dissonance) when their beliefs or behaviors are inconsistent, leading them to make changes to reduce this discomfort.

Unhealthy Behaviors

Actions or habits that are detrimental to physical or mental health, such as smoking, poor diet, and lack of exercise.

Confirmation Bias

The bias towards identifying, decoding, choosing, and memorizing details in a manner that validates one's preconceived ideas or suppositions.

Social Psychological Error

Involves misconceptions or biases in understanding or explaining the behavior of individuals in a social context.