Tiesha Thinks That She Did Poorly on Her Exam Because

question 7

Multiple Choice

Tiesha thinks that she did poorly on her exam because the questions were too hard,but that her friend did poorly because he is not smart.Tiesha's attributions reflect the

• A) discounting principle.
• B) covariation principle.
• C) actor-observer difference.
• D) fundamental attribution error.

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Definitions:

Long Run

A period in which all factors of production and costs are variable, and firms can adjust all inputs.

Short-Run Aggregate Supply Curve

A graphical representation that shows the relationship between the total production of goods and services in an economy at different price levels in the short run, indicating how much output is supplied by firms at various prices.

Long-Run Equilibrium

A state in which market supply and demand balance each other, resulting in stable prices and optimal resource allocation over time.

Expected Price Level

This term indicates the average of current and anticipated prices for goods and services in an economy.