Hyperinflation Is

question 123

Multiple Choice

Hyperinflation is

• A) inflation caused by negative growth in the quantity of money.
• B) inflation at a rate that exceeds 50 percent a month.
• C) inflation caused by excessive growth in the demand for money.
• D) inflation at a rate that exceeds 5 percent a month.
• E) only theoretical and has never occurred in the real world.

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Definitions:

Primacy Effect

The tendency to remember information that is presented first better than information that is presented later.

Stereotyping

is the act of categorizing individuals into groups and making assumptions about them based on generalizations.

Self-Serving Bias

A cognitive bias where individuals attribute positive outcomes to their own actions and negative outcomes to external factors.

Attribution

The process by which individuals explain the causes of their own and others' behaviors and outcomes.