The Hypothesis Suggesting That People Combine the Effects of Past

question 287

Multiple Choice

The hypothesis suggesting that people combine the effects of past policy changes on economic variables with their own judgment about the future effects of current and future economic policy is referred to as the

• A) active expectations hypothesis.
• B) passive expectations hypothesis.
• C) rational expectations hypothesis.
• D) adaptive expectations hypothesis.

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Definitions:

Positive Psychology

A branch of psychology focusing on the study of positive human functioning and flourishing on multiple levels, including the biological, personal, relational, institutional, cultural, and global dimensions of life.

Humanistic Psychology

A psychological perspective that emphasizes individual potential for growth and the importance of human values, creativity, and self-fulfillment.

Trait Theorists

Psychologists who study personality characteristics that are stable over time and differ among individuals, with a focus on identifying and measuring these traits.

Behaviorism

A theory in psychology that emphasizes the importance of observable behaviors over internal phenomena like emotions and thoughts.