Examlex
A closed economy is where an economy does not interact with other economies in the world.
Stimulus Generalization
The phenomenon where a response to a specific stimulus becomes associated with similar stimuli, resulting in a similar response.
Type I Punishment
A method of behavior modification that involves the application of an aversive stimulus following an unwanted behavior, aimed at decreasing the frequency of that behavior.
Type II Punishment
A form of punishment where a positive stimulus is removed following undesirable behavior to decrease the likelihood of that behavior occurring again.
Positive Reinforcer
A stimulus or event that increases the likelihood of a behavior being repeated when it is presented following that behavior.
Q2: When the government increases its purchases, the
Q18: According to the theory of liquidity preference,
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Q22: Surplus labour in the market creates pressure
Q23: An economy with a current account deficit
Q26: The quantity equation states that:<br>A)money times velocity
Q32: An important difference between the GDP deflator
Q44: Fred decides to hire some additional mechanics
Q45: An externality:<br>A)can only be positive<br>B)is the effect
Q66: An increase in inflation shifts the AD