Ralph Watches as a Customer with at Least 40 Items

question 269

Multiple Choice

Ralph watches as a customer with at least 40 items lines up at his express checkout line.He decides the customer must be a real "idiot" to miss the sign that indicates Ralph's checkout line is an express line with a limit of 10 items.Ralph's attribution for the cause of the customer's behavior is consistent with

• A) the fundamental attribution error.
• B) drawing an illusory correlation.
• C) a self-serving bias.
• D) a defensive attribution.

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Definitions:

Money Neutral

The principle that changes in the money supply only affect nominal variables and not real variables like output in the long run.

Favorable Supply Shock

An unexpected event that increases the supply of a product or service, leading to lower prices and benefiting consumers.

Price Level

A measure of the average prices of goods and services in an economy.

Central Bank

A national bank that provides financial and banking services for its country's government and commercial banking system and implements monetary policy.