Competing Macroeconomic Models May Be Hard to Test Because People

question 45

True/False

Competing macroeconomic models may be hard to test because people may change how they react when economic policies are changed.

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Definitions:

Cultural Norms

Shared expectations and rules that guide behavior of people within social groups. Cultural norms strongly influence social behavior and interactions.

Role Expectations

The anticipated behaviors and actions associated with a particular social position or status.

Situational Attribution

The process of attributing someone's behavior to external factors, such as the environment or circumstances, rather than to internal personality traits.

Dispositional Attribution

The tendency to attribute people’s behaviors to their inner characteristics such as personality, beliefs, or attitudes.