People Will Buy More If the Price Level

question 11

Multiple Choice

People will buy more if the price level

• A)rises because rising prices increase the real value of a dollar.
• B)rises because rising prices decrease the real value of a dollar.
• C)falls because falling prices increase the real value of a dollar.
• D)falls because falling prices decrease the real value of a dollar.

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Definitions:

Repression

A defense mechanism where distressing thoughts, memories, or desires are excluded from the conscious mind.

Defense Mechanism

Psychological strategies employed unconsciously to protect oneself from anxiety arising from unacceptable thoughts or feelings.

Displacement

A defense mechanism in which an individual redirects emotion or reaction from the original source to another target.

Reaction Formation

a psychological defense mechanism where an individual unconsciously replaces unacceptable thoughts or feelings with their opposites.