Traffic Accidents, Most of Which Are Caused by Excessive Speed

question 34

Multiple Choice

Traffic accidents, most of which are caused by excessive speed, cost Australia $15 billion per year. The Australian government is thinking of using cameras to catch speeders. Government officials plan to put cameras at various locations for four weeks and then the cameras will be moved. Plans are to put the cameras back to their original location every fourth month. What kind of reinforcement schedule will be used?

• A) variable ratio
• B) fixed ratio
• C) fixed interval
• D) intermittent
• E) variable interval

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Definitions:

Long-run Aggregate Supply

Long-run aggregate supply represents the total output an economy can produce when it is fully employing its resources, reflecting the economy’s potential growth rate without accelerating inflation.

Aggregate Supply

The aggregate amount of products and services that businesses within a country intend to offer for sale over a particular period.

Equilibrium Output

The level of output where the quantity demanded equals the quantity supplied in a market, leading to no pressure for change.

Price Level

A measure of the average prices of goods and services in an economy at a given time, often influencing inflation rates.