We Often Think That Our Beliefs,appearance,and Our Internal States Are

question 5

Multiple Choice

We often think that our beliefs,appearance,and our internal states are obvious to other people.This is known as ____________.

• A) a self-serving attribution
• B) the spotlight effect
• C) social comparison
• D) self-monitoring

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Definitions:

Wealth of Consumers

The total value of all assets owned by consumers minus any liabilities; it reflects the economic resources available to consumers.

Aggregate Supply Curve

A graphical representation of the relationship between the overall price level and the total output produced by an economy.

Aggregate Demand Curve

A graph showing the relationship between the total demand for goods and services and the overall price level in the economy, all else being equal.

Real GDP

Gross Domestic Product adjusted for inflation, providing a more accurate reflection of an economy’s size and growth rate.