Answer:
Cognitive dissonance
Explanation:
Cognitive dissonance is a concept of social psychology and is described as the discomfort which is felt by a person who is having conflict in values and ideas. The people in this state feel guilt, embarrassment and anger. There is a motivational drive in humans to reduce the dissonance.
Leon Festinger developed theory of cognitive dissonance to predict and explain the peoples reaction to various situations. This theory states that people have prejudice to get agreement between what they expect and the reality.
Answer:
Entrepreneurship plays an influential role in the economic growth and standard of living of a society. As a startup founder or small business owner, you may think that you are simply working hard to build your own business and provide for yourself and your family.
Answer: Option (A) is correct.
Explanation:
Other things remains constant, a increase in the balanced budget means that the amount by which government spending increases is offset by the identical increase in net taxes.
Increase in government spending will lead to increase the aggregate demand in the economy whereas increase in the net taxes will lead to fall in aggregate demand.
Here both increases by the same amount, but still there is an increase in the aggregate demand but the amount by which aggregate demand increases is less than the amount by which government spending increases.
This is because of the impact of tax and government spending multiplier. Tax multiplier is smaller than the government spending multiplier. All of the increase in government spending will going towards increase the aggregate demand but in taxes a portion of consumption decreased with decrease in the disposable income.
