During Times of Economic Hardship, There Is an Increase in Hostility

question 260

Multiple Choice

During times of economic hardship, there is an increase in hostility toward illegal immigrants. Psychologists would consider this situation to be an example of

• A)scapegoating.
• B)reaction formation.
• C)sublimated aggression.
• D)circumvention.

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Definitions:

Money Supply

The total amount of money available in an economy, including cash, deposits, and other forms of liquidity.

Real Output

The production of goods and services valued at constant prices, thus removing the effect of inflation.

Price Level

The calculated mean price level for the entire range of economic goods and services.

Nominal GDP

The gross domestic product measured in current prices, without adjusting for inflation.