A Sudden Fall in Housing Prices in Potentia Has Lowered

question 71

Multiple Choice

A sudden fall in housing prices in Potentia has lowered the confidence of households.Assuming all else equal,this is likely to lead to a(n) ________.

• A) increase in the overall price level
• B) increase in the demand for construction workers
• C) decline in current consumption
• D) fall in the unemployment rate

---

Definitions:

Shaping

A method of teaching new behaviors by reinforcing successive approximations toward the desired behavior.

Respondent Behavior

A form of behavior that occurs in response to a specific stimulus and is typically conditioned through Pavlovian or classical conditioning.

Self-Control

The skill of managing one's emotions, cognitive processes, and actions amidst challenges and spontaneous inclinations.

Schedules of Reinforcement

In behavioral psychology, the strategy or pattern by which rewards are given to promote certain behaviors.