Robert Shiller Posed the Following Question to Workers: "Imagine That

question 57

Multiple Choice

Robert Shiller posed the following question to workers: "Imagine that next year the inflation rate unexpectedly doubles.How long would it probably take,in these times,before your income is increased enough so that you can afford the same things as you do today?" Shiller found that ________ percent of the workers he interviewed reported that it would take several years to restore the purchasing power of their wages or that this power would never be restored.

• A)25
• B)42
• C)64
• D)81

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Definitions:

Possible Selves

Concepts of who one might become, who one would like to become, or who one is afraid of becoming, pertaining to future selves.

Motivation to Achieve

The drive to meet and exceed objectives or goals through hard work and dedication.

Self-esteem

An individual’s subjective evaluation of their own worth, including beliefs about oneself as well as emotional states.

Self-worth

An individual's evaluation of their own worth, value, or dignity, often tied to their beliefs and emotions about themselves.