If We Have More Information About the Precise Values of the Parameters

question 36

Multiple Choice

If we have more information about the precise values of the parameters within a given economic model, then

• A)multiplier uncertainty decreases
• B)policies can be more easily implemented
• C)the length of the outside lag becomes less important
• D)the inside lag becomes shorter
• E)all of the above

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Definitions:

Cognitive Maps

Cognitive maps that allow people to navigate and comprehend their surrounding space.

Classical Conditioning

A training routine where two stimuli are continuously associated; the reaction, at outset evoked by the second stimulus, ultimately becomes evoked by the first stimulus solely.

Immediate Reinforcers

Rewards or consequences that immediately follow a behavior, significantly affecting the likelihood of the behavior occurring again.

Controlled Events

Situations or occurrences that are directly managed or governed by someone or something to ensure a desired outcome.