Consider a Simple Macro Model with Demand- Determined Output

question 19

Multiple Choice

Consider a simple macro model with demand- determined output. In such a model, the larger the marginal propensity to spend, the

• A)greater is investment.
• B)larger the MPC.
• C)larger the simple multiplier.
• D)smaller the MPS.
• E)smaller the simple multiplier.

Understand the implications of the choice of tails (upper, lower, two-tailed) for hypothesis testing involving variances.

Understand the biological basis of human instinctive behaviors.

Describe the drive-reduction theory and its role in motivating behavior.

Explain the concept of homeostasis and its importance in physiological motivation.

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Definitions:

Sensorimotor Thought

describes the stage in early childhood cognitive development where thinking is based primarily on physical actions and sensory experiences.

Tertiary Circular Reactions

Advanced exploratory behaviors observed in infants around 12 to 18 months, involving experimentation to explore the properties of objects and the outcomes of actions.

First Habits

The initial routines or behaviors that an individual forms, often early in life, which can set the foundation for later habits.

Secondary Circular Reactions

A stage in Piaget's theory of cognitive development where infants repeat actions that are pleasurable in themselves or involve interesting effects on the environment, typically observed from about 4 to 8 months of age.