The _____ Is the Tendency to Rate People Relative to One

question 78

Multiple Choice

The _____ is the tendency to rate people relative to one another rather than against performance standards.

• A) horns effect
• B) contrast error
• C) similar-to-me error
• D) halo effect

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Definitions:

Aggregate Demand

The complete market appetite for all goods and services in an economy, assessed at a defined price level during a particular duration.

Medium of Exchange

An intermediary instrument used to facilitate the sale, purchase, or trade of goods between parties.

Federal Funds Rate

The interest rate at which depository institutions trade federal funds (balances held at Federal Reserve Banks) with each other overnight.

Federal Reserve

The central banking system of the United States, responsible for monetary policy, regulation of financial institutions, and stability of the financial system.