Wage and Price Controls Have Been Proposed Primarily as a Means

question 1

Multiple Choice

Wage and price controls have been proposed primarily as a means for dealing with

• A) severe recessionary conditions.
• B) decreases in the price level.
• C) income policies.
• D) situations resulting from irresponsible decreases in the money supply.
• E) supply-side inflation.

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Definitions:

Punishment

A consequence that reduces the likelihood of a behavior being repeated, often used in behavior modification strategies.

Reinforcement

In behavioral psychology, a consequence applied that strengthens an organism's future behavior whenever that behavior is preceded by a specific antecedent stimulus.

Personality Traits

Enduring characteristics or behaviors that distinguish one individual from another, often described as patterns of thought, feeling, and behavior.

Superego

Part of the human psyche, according to Freudian theory, that represents internalized ideals and provides standards for judgment (the conscience) and for future aspirations.