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Farhang begins his research knowing he wants to compare and contrast the lives of gay and straight teenagers.After some consideration,he decides that he will focus on the differences in self-esteem between gay and straight teenagers.What part of the research process is Farhang in?
Theories Of Expectations
Economic theories that explore how the expectations of individuals or firms about future economic conditions affect their current decision-making and behavior.
Rational Expectations Theory
A concept suggesting that individuals make decisions based on their rational outlook, available information, and past experiences.
Certainty Equivalent Theory
A concept in decision theory that quantifies the value of a risky asset in terms of a certain amount of money.
Supply-Side Policy
Economic strategies aimed at increasing the production capacity of an economy by improving the conditions for businesses and producers.
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