What Distinguishes Generational Effects from Period Effects

question 63

Multiple Choice

What distinguishes generational effects from period effects?

• A)Generational effects exert an influence on the attitudes and beliefs of the younger generations of a population; period effects exert an influence on the attitudes and beliefs of all generations in a population.
• B)Generational effects exert an influence on the attitudes and beliefs of all generations in a population; period effects exert an influence on the attitudes and beliefs of the younger generations of a population.
• C)Generational effects exert an influence on the attitudes and beliefs of people as they age; period effects exert an influence on the attitudes and beliefs of all generations in a population
• D)Generational effects exert an influence on the attitudes and beliefs of the younger generations of a population; period effects exert an influence on the attitudes and beliefs of people as they age.
• E)Generational effects exert an influence on the attitudes and beliefs of people as they move from life-cycle role to life-cycle role; period effects exert an influence on the attitudes and beliefs of people as they age.

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Definitions:

Price Elasticity

A measure of how much the quantity demanded of a good changes in response to a change in its price.

Electricity Consumption

The sum of electrical energy utilized by all end-users over a designated time frame.

Government

The governing body of a nation, state, or community, responsible for making and enforcing laws, policies, and managing public resources.

Perfectly Price Elastic

A market scenario where the demand for a product is extremely sensitive to changes in price, meaning consumers will stop buying the product if the price increases even slightly.