The Cognitive Dissonance Theory Was Formulated by

question 28

Multiple Choice

The cognitive dissonance theory was formulated by

• A) James Laird.
• B) William James.
• C) Leon Festinger.
• D) Daryl Bem.

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Definitions:

Full Employment Level

An economic condition in which virtually all individuals willing and able to work at prevailing wage rates are employed.

Aggregate Demand

The sum of all demands for goods and services in an economy, measured at a particular price level over a defined time interval.

John Maynard Keynes

An economist from Britain whose concepts revolutionized the field of macroeconomics and also altered the economic policy-making of states.

Government Spending

refers to the total expenditure by a government on goods, services, and public projects, including salaries, infrastructure, and welfare programs.