A Group of Chemists,who Have Been Working Together on a New

question 8

Multiple Choice

A group of chemists,who have been working together on a new diet pill for the last four years,met to discuss their new drug.Over the years,they have all come to respect each other and have formed a close bond.Upon discussing the effectiveness and safety of the diet pill,many members of the group found themselves agreeing with most of the comments that were made.Somewhere along the way,no one seemed to pay much attention to the fact that some of the subjects in the clinical trials of that drug became ill.It seemed that because nobody wanted to disrespect anyone else,the topic of ill subjects was dropped.What psychological phenomenon occurred here?

• A)Social facilitation
• B)Group polarization
• C)Groupthink
• D)Social loafing

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Definitions:

Good Y

A generic term used in economic models to represent a specific type of product or commodity.

Consumer Price Index

An index that measures changes in the price level of a market basket of consumer goods and services purchased by households, indicative of inflation or deflation.

Quantity Theory

An economic theory that suggests that the amount of money in circulation directly impacts the level of economic activity and the price levels.

Increase Money

Increase in money typically refers to a rise in the amount of currency and bank deposits in an economy, leading to potential changes in inflation and purchasing power.