Mary Believes That If She Makes a Wise Decision, It

question 112

Multiple Choice

Mary believes that if she makes a wise decision, it is not to her credit, and if she makes a poor one, it is not her fault.This is an example of:

• A)an external locus of control.
• B)limited problem solving.
• C)an internal locus of control.
• D)ritual consumption.
• E)extended problem solving.

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Definitions:

Aggregate Demand

The total amount of goods and services that all consumers, companies, and the government are willing to buy at a given price level in an economy.

Recessions

A period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.

Automatic Stabilizers

Economic policies and programs designed to offset fluctuations in a nation's economic activity without the need for intervention by policymakers.

Expenditures

The amount of money spent on goods, services, or other expenses within a certain period.