So, he used his influence as chief legislator to persuade Congress to pass the act. This was the way he used his presidential power to institute the Reorganization Act of 1939.
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Answer: It represents the value of all goods and services produced over a specific time period within a country's borders. Economists can use GDP to determine whether an economy is growing or experiencing a recession. Investors can use GDP to make investments decisions—a bad economy means lower earnings and lower stock prices.
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Answer:
Option b
Explanation:
Fred in the scenario is demonstrating hindsight bias.
Hindsight bias is also referred as the phenomena of 'knew-it-all-along' and can be defined as the tendency of some people for the perception of the events or over estimation of one's ability to make predictions about the results of any event that could not have been probably predicted.
The hindsight bias might serve as the major cause of the generation of over confidence in an individual about the predictions of the events that can occur in the future.