How Are the Following Three Questions Related: 1) Do All

question 267

Multiple Choice

How are the following three questions related: 1) Do all demand curves slope downward? 2) How do wages affect labor supply? 3) How do interest rates affect household saving?

• A)They all relate to macroeconomics.
• B)They all relate to monetary economics.
• C)They all relate to the theory of consumer choice.
• D)They are not related to each other in any way.

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Definitions:

External Attributions

The process of assigning the cause of a behavior or event to factors outside the individual, such as situational or environmental influences.

Causal Explanation

An assertion or theory that attempts to explain the cause of a particular event or phenomenon, establishing one factor as leading to the effect of another.

External Attributions

The process of attributing the cause of behaviors or events to factors outside the individual, such as situational or environmental forces.

Stable Attributions

The perception that an individual's behavior is due to fixed, unchanging factors.