The Board of the RBA Makes Changes to the Cash-Rate

question 44

True/False

The board of the RBA makes changes to the cash-rate on an ad-hoc basis.

---

Definitions:

Obedience Studies

Research exploring the extent to which individuals comply with the commands of an authority figure, famously exemplified by Stanley Milgram's experiments.

Mood Contagion

The phenomenon where an individual's mood or emotions can influence those of others around them.

Normative Social Influence

The effect of other individuals that causes us to comply in order to gain their affection and acceptance.

Public Conformity

The act of altering one's behavior or beliefs to match those of others, often in response to perceived social pressure.