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What Is the Marginal Propensity to Consume? Why It Is

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Essay

What is the marginal propensity to consume? Why it is an important concept?


Definitions:

Graphic Record

A visual representation of data or information, usually in the form of charts, graphs, or diagrams.

Reinforcement Contingencies

Conditions that determine when reinforcement will be given for a particular behavior, crucial in the process of learning and behavior modification.

Discriminative Stimulus

A stimulus in the presence of which a particular response will produce reinforcement or a specific outcome, but will not do so in its absence.

Reinforcer

Any stimulus that strengthens or increases the probability of a specific response or behavior by providing a consequence an individual finds rewarding.

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