When Alex Initially Began Going to the Gym with Her

question 86

Multiple Choice

When Alex initially began going to the gym with her friend, she was unsure about her attitude toward the importance of exercise. However, after exercising several times, she concluded that exercising was important to her. This pattern of attitude development is BEST explained by _____.

• A) group polarization
• B) self-perception theory
• C) social facilitation
• D) cognitive dissonance theory

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Definitions:

Natural Rate of Unemployment

The level of unemployment that exists when the labor market is in equilibrium, including frictional and structural unemployment but not cyclical unemployment.

Long-run Phillips Curve

A graphical representation indicating that in the long-term, there is no trade-off between inflation and unemployment, implying that the curve is vertical.

Phillips Curve

A theory suggesting an inverse relationship between the rate of inflation and the unemployment rate in an economy over the short run.

Monetary Policies

Actions undertaken by a central bank, such as the Federal Reserve, to influence the availability and cost of money and credit to help promote national economic goals.