Under the Gold Standard, It Is Not Necessary for a Central

question 28

True/False

Under the gold standard, it is not necessary for a central bank to control the money supply.

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Definitions:

Variable-ratio Schedule

A reinforcement schedule in which a response is rewarded after an unpredictable number of responses.

Stimulus Discrimination

A cognitive process that allows individuals to distinguish between similar stimuli and react differently to them.

Desired Response

The specific outcome or reaction that one aims to elicit from an action, experiment, or communication.

Circus Trainer

A professional who trains animals or people to perform specific acts or routines for entertainment in the circus.