John Makes It a Point to Save a Portion of His

question 22

Multiple Choice

John makes it a point to save a portion of his salary every month.Assuming all else equal,if the real interest rate increases,it is likely to cause ________.

• A) an upward movement along John's credit supply curve
• B) a downward movement along John's credit supply curve
• C) John's credit supply curve to shift to the left
• D) John's credit supply curve to shift to the right

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Definitions:

Humanistic Psychologists

Psychologists who focus on individual potential for growth and the role of unique perceptions in growth processes, emphasizing a subjective view of human experience.

Skinner-behaviorism

A theory of learning based on the idea that all behaviors are acquired through conditioning, proposed by B.F. Skinner.

Freud-Gestalt Psychology

An approach that incorporates elements of Freud's psychoanalytic theory and Gestalt psychology, focusing on unconscious processes and perceptions in understanding behavior.

Classical Conditioning

A learning approach whereby two stimuli are consistently associated together; the second stimulus initially generates a response which ultimately is generated by the first stimulus alone.