The failure of rising expectations is related to______________?
Correct answer: D. dissatisfaction based on relative deprivation
- A. a general rise in the standard of living for all segments of society
- B. a rapid decline in the standard of living
- C. false advertising and credit expansion
- D. dissatisfaction based on relative deprivation
Explanation
Rising expectations can produce frustration when people compare their situation with others and feel relatively deprived, even if their absolute living standard has improved. This is why dissatisfaction based on relative deprivation explains the failure of rising expectations.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? [email protected]
About Macroeconomics
The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
Practise Macroeconomics
1,499 free Macroeconomics MCQs from Economics, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Discussion
Stuck on an option, or know a faster way to get there? Ask or explain it here.
No comments yet. Be the first to explain this one.
Exams that ask Economics questions like this
Economics is on 3 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Macroeconomics questions
If population growth in the underdeveloped nations continues unabated in 2050 world population will be______________?
Birthrates remain high is the Third World because_________________?
The United States Canada Northern and Western Europe among other areas are________________?
The stages of the demographic transition model are_________________?
Thomas Malthus sated that________________?
The highest birthrates today are found in________________?