The Tendency to Deviate from Sound Long-Run Plans in the Short-Run

question 22

Multiple Choice

The tendency to deviate from sound long-run plans in the short-run is known as ________.

• A)the failure of adaptive expectations
• B)the failure of rational expectations
• C)the time inconsistency problem
• D)the NIMBY,or not in my backyard problem

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Definitions:

Psychological Conflicts

Internal struggles resulting from incompatible or opposing desires, demands, or impulses.

Sex

A biological classification based on physiological differences, such as reproductive organs, but also a term used to reference sexual activity.

Aggression

A form of behavior characterized by physical or verbal attack, it can be a manifestation of psychological issues or social conflicts.

Oedipus Complex

A Freudian theory that describes a child's feelings of desire for the opposite-sex parent and jealousy and competition with the same-sex parent.