When the Price Level Falls by 20 Percent, Products That

question 168

True/False

When the price level falls by 20 percent, products that previously cost $60 now cost $40.

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Definitions:

Automatic Attitudes

Very fast evaluative, “gut-level” responses that people don’t think a great deal about

Deliberate Attitudes

Reflective responses that people think more carefully about.

Racism

Prejudiced attitudes toward a particular race.

Negative Attitude

A negative attitude is a predisposition or a tendency to respond unfavorably or with dislike towards a particular idea, person, thing, or situation.