During a Recessionary Period, Which of the Following Economic Behavior

question 226

Multiple Choice

During a recessionary period, which of the following economic behavior would be expected?

• A)Consumer spending would increase.
• B)The use of credit would decline.
• C)Taxes would increase nationally.
• D)Property values would jump dramatically.
• E)Consumers would use the majority of their discretionary income on entertainment.

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Definitions:

Operant Conditioning

A method of learning that employs rewards and punishments for behavior, through which an association is made between a behavior and a consequence for that behavior.

Ladder

A set of steps or rungs between two vertical bars, used for climbing up or down.

Shaping

A method of behavior modification that involves gradually training an organism to perform a specific behavior by reinforcing successive approximations of the target behavior.

Reinforce

To strengthen a behavior by providing a consequence that increases the likelihood of the behavior being repeated.