Refer to the Following Graph to Answer the Following Questions

question 150

Multiple Choice

Refer to the following graph to answer the following questions:
-Assuming the figure represents the market for loanable funds,which of the following would represent a decrease in time preferences (i.e.,people are more patient) ?

• A) a shift from line 1 to line 4
• B) a shift from line 4 to line 1
• C) a shift from line 2 to line 3
• D) movement from A to B
• E) a new shortage of loanable funds represented by the distance from C to D

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Definitions:

Classical Conditioning

A behavioral technique where two stimuli are systematically linked together; over time, a reaction originally elicited by the second stimulus is elicited by the first stimulus alone.

Reflex Response

An automatic, involuntary reaction to a specific stimulus, occurring without conscious thought as part of the body's defense mechanisms.

Operant Conditioning

A method of learning that occurs through rewards and punishments for behavior, emphasizing the strength of behavior as a result of its consequences.

Unconditioned Response

A spontaneous, innate response to a stimulus that happens without any previous learning or conditioning.