Robert Shiller Posed the Following Question to Workers: "Imagine That

question 57

Multiple Choice

Robert Shiller posed the following question to workers: "Imagine that next year the inflation rate unexpectedly doubles.How long would it probably take,in these times,before your income is increased enough so that you can afford the same things as you do today?" Shiller found that ________ percent of the workers he interviewed reported that it would take several years to restore the purchasing power of their wages or that this power would never be restored.

• A)25
• B)42
• C)64
• D)81

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Definitions:

Mental Rotation

The cognitive ability to rotate mental representations of two-dimensional and three-dimensional objects.

Comprehension

The ability to understand the meaning or significance of something, such as spoken or written language.

Heteronomous

Subject to rules, laws, or an authority external to oneself.

Card Game

A game played using a deck or pack of playing cards as the primary device with which the game is played.