The Difference Between the Equation of Exchange and the Quantity

question 143

Multiple Choice

The difference between the equation of exchange and the quantity theory of money is that the

• A)equation of exchange assumes that the level of real GDP is constant.
• B)quantity theory of money assumes that the Fed has no control over the money supply.
• C)equation of exchange assumes that the level of nominal GDP is constant.
• D)quantity theory of money assumes that velocity is virtually constant.

Explain how habituation and sensitization contribute to behavioral changes.

Analyze the adaptive significance of habituation and its role in learning not to respond to uneventful stimuli.

Understand the process and importance of classical conditioning in learning and behavior modification.

Describe the process and effects of extinction in classical conditioning.