In Making Attributions About the Behavior of People Around Them

question 166

Multiple Choice

In making attributions about the behavior of people around them, people from Western cultures tend to use factors and people from Eastern cultures tend to use factors.

• A)personal; personal and situational
• B)personal and situational; personal
• C)situational; personal and situational
• D)personal and situational; situational

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Definitions:

Expansionary Monetary Policy

A policy by central banks to increase the money supply and decrease interest rates to stimulate economic growth.

Real Output

The measure of goods and services produced by an economy, adjusted for inflation or deflation, showing true growth or contraction.

Price Level

The average of current prices across the entire spectrum of goods and services produced in the economy, an indicator of inflation or deflation.

Policy Credibility

Describes the degree to which economic agents trust and believe in the effectiveness of a government's economic policies, influencing the policies' success.