When a Person Is Convinced They Will Succeed or Fail

question 28

Multiple Choice

When a person is convinced they will succeed or fail and they do so, it can be attributed to what psychological concept?

• A)Maslow's Hierarchy
• B)self-fulfilling prophecy
• C)rationalization
• D)projection

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Definitions:

Tax Cuts

Reductions in the amount of taxes imposed by the government.

Government Spending

The total amount of money spent by government entities on goods, services, and public projects to fulfill their objectives and responsibilities.

Real Balances Effect

The impact of changing prices on the purchasing power of individuals' money holdings, influencing consumption and savings decisions.

Foreign Purchases Effect

The decrease in domestic demand for goods and services as a result of consumers buying goods from foreign markets, usually due to price or currency exchange advantages.