In the Market for Money the Supply Curve Is Made

question 94

Multiple Choice

In the market for money the supply curve is made up of

• A)borrowers.
• B)savers.
• C)neither borrowers nor savers.
• D)a combination of borrowers and savers.

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Definitions:

Illusory Correlation

The perception of a relationship between two variables even when no such relationship exists.

Logical Assumption

A premise that is considered reasonable and follows logically from given information.

Self-Serving Bias

The common tendency to attribute positive events to one's own character or actions but attribute negative events to external factors.

Defensive Attribution

A cognitive bias that involves attributing causes to behaviors or events in a way that defends oneself from feelings of vulnerability and mortality.