In an Experiment, Curtis and Miller (1986) Assigned Participants at Random

question 138

Multiple Choice

In an experiment, Curtis and Miller (1986) assigned participants at random to have a conversation.One member of each pair was told that the other person liked him or her.Participants provided this information actually behaved in more likable ways, and their partners, too, behaved in pleasant ways.Based on the information presented in the text, which of the following could explain their behavior and reciprocal liking?

• A) similarity
• B) the self-fulfilling prophecy
• C) reciprocity of exchange
• D) complementarity

Understand the importance of saving rates in the economy and factors affecting them.

Conceptualize how economic policies and household decisions influence saving and consumption patterns.

Understand the relationship between savings rate and economic conditions across different countries and time periods.

Comprehend the concepts of Average Propensity to Consume (APC) and Average Propensity to Save (APS).

---

Definitions:

Investment

The process of distributing funds with the aim of earning an income or profit.

Classical Economics

Classical economics is a school of thought in economics that emphasizes the importance of free markets, the role of competition, and the idea that economies are self-regulating systems governed by natural laws of production and exchange.

Real GDP

Gross Domestic Product adjusted for inflation, providing a more accurate reflection of an economy's size and how it's growing over time.

Equilibrium

A scenario where market demand equals supply, resulting in the stabilization of prices.