Which of the Following Statements Is Correct

question 5

Multiple Choice

Which of the following statements is correct?

• A) If you can buy the same goods this year as you bought last year with less money there must have been inflation.
• B) If purchasing the same goods today that were purchased one year ago requires more money, there must have been deflation.
• C) If purchasing the same goods today as one year ago requires less money, the money supply likely decreased.
• D) If purchasing the same goods today as one year ago requires less money, the money supply likely increased.

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Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.