Robert Received a $100 Gift Certificate to a Bookstore a Year

question 77

Multiple Choice

Robert received a $100 gift certificate to a bookstore a year ago. The economy has been in an inflationary period for the last year. This gift certificate is

• A) expressed in real terms and is worth more.
• B) expressed in nominal terms and is worth less.
• C) not expressed in either real or nominal terms since it is not money.
• D) adjusted in terms of the CPI.

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Definitions:

Personal Attributions

People’s explanations for why events or actions occur that refer to people’s internal characteristics, such as abilities, traits, moods, or efforts.

Trustworthiness

The quality of being reliable, honest, and deserving of trust.

Interest

A feeling of curiosity or concern about something, leading to a desire to learn more or engage with it.

Cognitive Dissonance

An uncomfortable mental state due to a contradiction between two attitudes or between an attitude and a behavior.