The Situation in Which Behaviours Are Influenced Mainly by the Consequences

question 34

Multiple Choice

The situation in which behaviours are influenced mainly by the consequences that follow them is:

• A) classical conditioning.
• B) operant conditioning.
• C) modelling.
• D) flooding.

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Definitions:

Full Employment GDP

The output level of an economy when all available resources are employed efficiently, corresponding to a situation with no cyclical unemployment.

Classical Range

In economics, refers to the level of output where all resources are fully employed, and prices are flexible, historically associated with the Classical theory of economics.

Savings

Money that is set aside from disposable income or after personal expenses have been covered, often put into a deposit or an investment for future use.

Wealth Effect

The change in spending and consumption patterns caused by changes in perceived wealth.