It Is Important to Remember That When Tokens Are Used

question 133

Multiple Choice

It is important to remember that when tokens are used to shape behavior, they must be ________ to be effective in the long term.

• A)gradually withdrawn
• B)intangible as well as tangible
• C)used only for simple behaviors
• D)given on a fixed interval schedule

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Definitions:

Sacrifice Ratio

An economic term that refers to the amount of production or output that must be forgone in order to reduce inflation by one percentage point.

Disinflates

The process of reducing the rate of inflation; a slowing in the rate at which prices increase, typically as a result of monetary policy actions.

Sacrifice Ratio

The sacrifice ratio is an economic concept that measures the cost of reducing inflation in terms of lost output or unemployment.

Disinflates

A process in which the rate of inflation decreases over time but does not turn negative.