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When There Is Deflation, the Average Value of Money Is

question 169

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When there is deflation, the average value of money is rising.


Definitions:

Hazel Rose Markus

A social psychologist renowned for her research in self-schemas, and how the self is constructed in the context of social and cultural environments.

Charles Horton Cooley

an American sociologist known for his work on the looking-glass self, which describes the process by which individuals form their self-image through how they believe others view them.

Twenty Statements Test

A self-assessment tool used in social psychology which asks respondents to complete the sentence "I am..." twenty times to assess their self-conception.

Zoroastrian

A follower of Zoroastrianism, one of the world's oldest monotheistic religions, founded by the prophet Zoroaster in ancient Iran.

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