What Is the State of Psychological Discomfort That Occurs When

question 153

Multiple Choice

What is the state of psychological discomfort that occurs when we try to maintain conflicting beliefs and behaviors

• A) cognitive dissonance
• B) sufficient justification
• C) rationalization trap
• D) self-justification

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Definitions:

Real Interest Rate

The interest rate adjusted for inflation, representing the true cost of borrowing and the real yield to savers and investors.

Inflation Rate

The rate expressed in percentage terms showing the increase in prices for goods and services, leading to a reduction in buying power.

CPI

Consumer Price Index, a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care, used to assess price changes associated with the cost of living.

Salary

A fixed regular payment, typically paid on a monthly or biweekly basis by an employer to an employee, especially a professional or white-collar worker.