Ranking Your Classmates on Their Performance on an Exam Is

question 23

Multiple Choice

Ranking your classmates on their performance on an exam is an example of what type of scale? ​

• A)Nominal
• B)Ordinal ​
• C)Interval
• D)Ratio

Understand the concept of cognitive dissonance and its implications on attitude change.

Recognize the role of effort justification in valuing personal experiences and decisions.

Identify the effects of role playing and induced compliance on changing personal attitudes.

Analyze the impact of post-decisional conflict on attitudes and behaviors.

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Definitions:

Inflation

A general increase in prices and fall in the purchasing value of money over time.

Bureau of Labor Statistics

A United States government agency that collects, processes, and disseminates essential statistical data about labor markets, employment, and inflation.

GDP Deflator

The GDP Deflator is a measure of the price level of all domestically produced goods and services in a country, used to adjust nominal GDP to real GDP.

Nominal Interest Rate

The percentage increase in money you pay the lender for the use of the money you borrowed, not adjusted for inflation.