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If the Fed decreases the discount rate, what happens to reserves and the money supply?
External Expectancies
Beliefs or anticipations about the outcomes of one's behaviors that are influenced by environmental or societal factors.
Locus of Control
A psychological concept that refers to an individual's belief about the extent to which the outcomes of their actions are under their own control (internal locus) or beyond their control (external locus).
Self-efficacy
An individual's belief in their own capability to succeed in specific situations or accomplish a task.
Learned Responses
Behaviors or reactions that are developed through experience or conditioning rather than being innate.
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