(Consider This) The hedonic treadmill refers to a phenomenon where:
A. people can't improve their economic well-being because prices increase as fast as wages.
B. people can't get out of debt because credit card companies use anchoring to get
consumers to carry large balances on their accounts.
C. increasing our level of consumption doesn't make us any happier in the long term.
D. feelings of loss offset our feelings of gain, leaving us no happier in the long term.
Answer: C
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Indicate whether the statement is true or false
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