The Fraction of an Increase in Income That Is Saved

question 117

Multiple Choice

The fraction of an increase in income that is saved is referred to as the _____.

• A)marginal propensity to save
• B)average propensity to save
• C)marginal propensity to consume
• D)average propensity to consume
• E)saving-consumption ratio

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Definitions:

Intermittent Reinforcement

Reinforcement schedule in which a reward does not occur after each instance of a behavior or set of behaviors.

Fixed Interval Schedule

A reinforcement schedule in operant conditioning where the first response is rewarded only after a specified amount of time has elapsed.

Unpleasant Consequences

Negative outcomes or penalties that follow undesirable behaviors, aimed at reducing those behaviors.

Negative Reinforcement

A reinforcement contingency through which behaviors are followed by the removal of previously experienced negative consequences, resulting in the likelihood that the behavior will occur again in the same or similar situations.