The People Born in the 1970s Have Different Interests and Attitudes

question 196

Multiple Choice

The people born in the 1970s have different interests and attitudes than the people born in the 1950s ever did. This is due to a difference in

• A) role diffusion.
• B) syntax.
• C) cohorts.
• D) assimilation.

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Definitions:

Money Supply

The entirety of monetary assets present in an economy, such as cash, coins, and balances in checking and saving accounts, at a certain point in time.

Rational Expectations Theory

The hypothesis that individuals form future expectations on the basis of all available information, and thereby consistently predict future conditions accurately.

Rate Of Inflation

The annual percentage increase in the general level of prices for goods and services in an economy.

Business Expectations

The anticipations or outlooks of businesses regarding future economic conditions, which can influence their decisions on investment, hiring, and production.