Most Macroeconomic Variables That Measure Some Type of Income, Spending

question 147

True/False

Most macroeconomic variables that measure some type of income, spending, or production fluctuate closely together.

---

Definitions:

Actor/observer Bias

The tendency to attribute one's own actions to external factors while attributing others' actions to their personality.

Behavioral Explanation

An account that attributes an action or pattern of behavior to learned responses and interactions with the environment.

Self-enhancement

The psychological process of improving one's self-image by focusing on strengths and achievements while minimizing weaknesses and failures.

Self-presentation

The process of controlling or influencing the perceptions others have of you.