Which of the Following Is NOT One of the Three

question 268

Multiple Choice

Which of the following is NOT one of the three elements of emotion?

• A) objective experience
• B) behavioral reaction
• C) physical arousal
• D) subjective experience

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Definitions:

Time-inconsistency Problem

A situation where a decision-maker's preferences change over time in such a way that what is considered optimal at one time is no longer optimal later.

Fixed Policy Rules

Strategies or regulations in economic policy that remain constant and do not change in response to fluctuations in the macroeconomic environment.

Discretionary Macro Policy

Economic policies based on the judgement of policymakers rather than set rules, involving adjustments in government spending and taxes to influence the economy.

Inflation

The increase in the average price of goods and services over time, detracting from the effective purchasing capacity.