When a person responds to a neutral stimulus ________ is being used.
a. classical conditioning
b. operant conditioning
c. extrinsic reinforcer
d. intrinsic reinforcer
Ans: a. classical conditioning
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Trade deficits always lead to future decreases in consumption if the trade deficits
A) support current investment. B) support current consumption. C) require borrowing from abroad. D) support either current investment or current consumption.
According to your text, the annual cost of regulation (federal, state and local) in the United States is estimated to exceed ________ per year
A) $500 million B) $900 million C) $50 billion D) $1 trillion
Which of the following is false?
a. The Fed controls the supply of money, even though privately owned commercial banks actually create and destroy money by making loans. b. With a 10% required reserve ratio, a $10,000 cash deposit in a bank would result in an increase in the bank's excess reserves by $1000. c. With a 10% required reserve ratio, a $1,000 bond purchase by the Fed directly creates $1,000 in money in the form of bank deposits, and indirectly permits up to $9,000 in additional money to be created through the multiple expansion in bank deposits. d. When the Fed sells government bonds, it will tend to cause a multiple contraction of bank deposits.
In response to the sharp decline in stock prices in October 1987, the Federal Reserve
a. increased interest rates, and the economy avoided a recession. b. increased interest rates, but the economy was unable to avoid a recession. c. decreased interest rates, and the economy avoided a recession. d. decreased interest rates, but the economy was unable to avoid a recession.