Figure 34-2

question 158

Multiple Choice

Figure 34-2.On the left-hand graph,MS represents the supply of money and MD represents the demand for money;on the right-hand graph,AD represents aggregate demand.The usual quantities are measured along the axes of both graphs.
.
-Refer to Figure 34-2.What is measured along the horizontal axis of the left-hand graph?

• A)nominal output
• B)real output
• C)the opportunity cost of holding money
• D)the quantity of money

---

Definitions:

Cognitive Dissonance

The mental discomfort experienced by an individual who holds two or more contradictory beliefs, values, or ideas simultaneously.

Effort Justification

A phenomenon in which individuals attribute greater value to outcomes they had to put effort into achieving, often to reduce cognitive dissonance.

Ingratiation Theory

A psychological theory that explores how people attempt to make themselves appear more likable to others, often through flattery or other strategic behaviors.

Self-Serving Bias

The tendency to attribute positive outcomes to internal factors and negative ones to external factors, thereby protecting self-esteem.