Robert Shiller Posed the Following Question to Workers: "Imagine That

question 33

Multiple Choice

Robert Shiller posed the following question to workers: "Imagine that next year the inflation rate unexpectedly doubles.How long would it probably take, in these times, before your income is increased enough so that you can afford the same things as you do today?" Shiller found that ________ percent of the workers he interviewed reported that it would take several years to restore the purchasing power of their wages or that this power would never be restored.

• A)25
• B)42
• C)64
• D)81
• E)95

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Definitions:

False Alarm

A situation where a warning or alert is given, but the anticipated negative event does not actually occur.

Extreme Anxiety

A condition characterized by an overwhelming feeling of nervousness or worry, more severe than the normal anxiety people experience day-to-day.

Neural Circuit

A network of neurons that work together to execute or process specific functions in the brain.

Brain Stem

The lower extension of the brain where it connects to the spinal cord, responsible for regulating vital functions such as breathing and heart rate.