What Did Robert Merton Call a Prediction That Came True

question 33

Multiple Choice

What did Robert Merton call a prediction that came true only because the prediction was made?

• A) a defining prophecy
• B) a Thomas prediction
• C) a self-fulfilling prophecy
• D) a labeling prophecy

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Definitions:

Federal Reserve

The central banking system of the United States, responsible for implementing the country's monetary policy and regulating its financial institutions.

Interest Rate

The percentage of a sum of money charged for its use, typically expressed as an annual percentage of the principal.

Federal Reserve

The Federal Reserve is the central bank of the United States, responsible for regulating the monetary and financial system.

Money Supply

Money Supply is the total amount of monetary assets available in an economy at a specific time, including cash, coins, and balances held in bank accounts.