The Cognitive Process People Use to Make Sense Out of the Environment

question 59

Multiple Choice

The cognitive process people use to make sense out of the environment by selecting, organizing, and interpreting information is called:

• A) selective retention.
• B) dissonance.
• C) attitude.
• D) perception.
• E) personality.

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Definitions:

Equate

To consider one thing to be the same as or equivalent to another.

Real GDP

Real GDP measures the value of all final goods and services produced within a country’s borders in a specific period, adjusted for inflation.

Aggregate Supply Curve

A graphical representation that shows the total quantity of goods and services that producers in an economy are willing to supply at different price levels during a specific time period.

Total Investment

Total investment refers to the sum of all expenditures on capital goods by businesses and government within a specific time period.