If the Rate of Increase in the Dollar Value of Your

question 83

Multiple Choice

If the rate of increase in the dollar value of your net worth equals the rate of inflation,then your

• A)real net worth is unchanged.
• B)real income is unchanged.
• C)nominal net worth is unchanged.
• D)nominal income is unchanged.

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Definitions:

Group Norm

Shared standards, rules, or expectations that influence behavior within a group of people.

Object of Judgement

The entity or individual that is being evaluated or assessed in a particular situation.

Autokinetic Experiment

A psychological experiment where a stationary point of light in a dark room appears to move because of small eye movements, illustrating the effect of suggestion or social influence on beliefs.

Frame of Reference

A system of values or beliefs against which judgments are made or a context through which a situation can be viewed.