In an Effort to Discover Whether or Not Workers Understand

question 197

Multiple Choice

In an effort to discover whether or not workers understand inflation, economist Robert Shiller conducted a survey.When asked about the effect of general inflation on their wages or salary, the most popular response coming from workers was:

• A)"My wages usually catch up to rising prices within a year."
• B)"The price increase will create extra profit for my employer....There will be no affect on my pay."
• C)"My wages have always increased by more than the rate of inflation."
• D)"The price increase will force my employer to reduce my pay."
• E)None of the above is correct.

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Definitions:

Blindsight

A phenomenon in which people who are perceptually blind in certain areas of their visual field demonstrate some response to visual stimuli.

Feature Detectors

Neurons in the brain that identify specific features of a stimulus, such as shapes, angles, or movement.

Ballet

A classical form of performance dance characterized by its technique, use of pointe shoes, and gracefulness.

Binding

The process of creating associations between different elements of perception, memory, or cognition to form a coherent concept or experience.