Friedrich Hayek was an Austrian Economist known for his work on the <em>Theory of Money</em>, which earned him a Nobel Memorial Prize in 1974. He openly supported classic liberalism, which emphasized the economic freedom of all individuals who formed part of society.
Hayek opposed expansionary spending (or expansionary monetary policy) because he considered, following principles of liberalism, that government intervention in the economy should be kept at its minimum expression. It is up to individuals and the economic relations they form as to whether an economy grows or not. The increase of money supply in a country could bring negative effects such as <em>inflation, </em>which is the sustained increase in the prices of goods and services.
Answer:
is the fact that the people in this group believe that their behavior is the result of external factors, for instance luck.
Explanation:
Unassuming bias may be defined as the tendency to explain that people's success depends on external factors (such as luck, help received from other people, a certain situation, etc.), and that people's mistakes or failures are the result of their own personal weaknesses.
The answer is Imaginary audience. The made-up audience refers to a state where an individual imagines and believes that masses of people are aggressively listening to or observing him or her. Though this state is frequently shown in young adolescence, people of any age may harbor a fantasy of an imaginary audience.
Answer:
Non Assertive
Explanation:
Assimilation is simply defined as the act or process in which an individual or more individuals gets or acquire the social and psychological characteristics partaining to or of a group. There are three assimilation strategies which are:
1. non-assertive
2. assertive
3. aggressive
Non-assertive assimilation strategy is simply known as trying to fit into a group and also be accepted by the dominant group.
Non-assertive Separation strategy
Is simply used by those who believe that certain segregation is part of everyday life in the U.S.
The common disadvantages of the nonassertive assimilation strategy is that the persons involved using this strategy sometimes feel they can't be honest about themselves, individuals cannot network and make connections with those in power positions and they keep barriers between themselves and the dominant group, withdrawa from places where the dominant group members are found.
