People High in Self-Efficacy

question 16

Multiple Choice

People high in self-efficacy:

• A) set higher goals for themselves on the job.
• B) focus on personal deficiencies and fear of failure.
• C) tend to be women over age 60.
• D) consistently perform poorly at school.

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Definitions:

Business Fluctuations

Variations in the growth rate of an economy over time, including periods of expansion and contraction.

Money Supply

The overall volume of fiscal assets in an economy, which includes cash, coins, and amounts in checking and savings accounts, at a certain time.

Rational Expectations

An economic theory suggesting that individuals make predictions about future economic events using all available information in an unbiased and informed manner.

Discretionary Policies

Economic policies based on the judgment and decisions of policymakers, as opposed to set rules or formulas, often involving changes in government spending or taxation.