If Your Personal Savings Rate Is Negative It Means That

question 124

Multiple Choice

If your personal savings rate is negative it means that you:

• A)have no savings at all
• B)spent more than you've earned
• C)removed more money from your savings account than what you've deposited
• D)spent more than you earned and removed cash from your savings for the period in question

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Definitions:

Conditioning

The process of learning associations between environmental stimuli and behavioral responses, often distinguished as classical or operant conditioning.

Cognitive Components

The aspects of thinking and understanding, including perception, memory, judgment, and reasoning.

B.F. Skinner

An American psychologist and behaviorist who developed the theory of operant conditioning, emphasizing the consequences of behavior in shaping future actions.

Ivan Pavlov

A Russian physiologist known for his work in classical conditioning, particularly his experiments with dogs and salivation.