Proponents of Rational Expectations Argue That Failing to Account for People's

question 117

True/False

Proponents of rational expectations argue that failing to account for people's revised expectations led to estimates of the sacrifice ratio that were too high.

---

Definitions:

Erikson

A developmental psychologist known for his theory on the psychosocial development of humans.

Defense Mechanism

Psychological strategies brought into play by individuals, groups, or even nations to cope with realities and to maintain self-image.

Intellectualization

A defense mechanism where reasoning is used to block confrontation with an unconscious conflict and its associated emotional stress, where thinking is used to avoid feeling.

Toilet Training

The process of teaching a young child to control their bladder and bowel movements and to use the toilet for elimination.