When People Expect Inflation, They Assume That Prices Are Going

question 104

True/False

When people expect inflation, they assume that prices are going to increase at a certain rate and factor this into their decision making.

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Definitions:

Withholding Reinforcement

A behavioral strategy involving the absence or delay of a reinforcement to decrease or eliminate an undesired behavior.

Passage of Time

The progression or flow of time characterized by changes and events.

Backward Chaining

A method for teaching a stimulus–response chain. When backward chaining is used, the reinforcing power of the positive reinforcer (presented at the end of the chain) is transferred “down the line” to each discriminative stimulus as it is added to the chain. This makes for very efficient use of positive reinforcement to establish a strong chain.

Terminal Response

This is the final action or series of actions that occurs at the end of a behavioral chain, often considered the goal behavior in training or therapy.