The appropriate response is confirmation bias. It is the propensity to scan for, decipher, support, and review data in a way that affirms one's prior convictions or speculations. It is a sort of subjective inclination and an efficient mistake of inductive thinking. Individuals show this predisposition when they accumulate or recollect data specifically, or when they decipher it biasedly.
Answer:
Explanation:
Deflation is when consumer and asset prices decrease over time, and purchasing power increases. Essentially, you can buy more goods or services tomorrow with the same amount of money. Compare this with inflation, which is the gradual increase in prices across the economy.
Answer:
To state the colonists' concerns and find potential solutions for the tensions with British government.
Explanation:
The first Continental congress was held at the time when the tension between colonies and British government at all time high. The people felt angry because the British government imposed high taxes that cannot be afforded by the people in the colonies.
The first continental Congress asked each colonies to sent their delegates to talk about how they should approach the situation. They discuss the possibilities of solving the problem with peaceful method or whether to accept that war with Britain was inevitable.
The Answer if I’m correct should be A. The price level and the real GDP are falling. Hope this helps!
