Explain the Difference Between Fiscal Policy and Monetary Policy,and Provide

question 42

Essay

Explain the difference between fiscal policy and monetary policy,and provide some examples of each.

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Definitions:

Shaping

A method of behavior training in which successive approximations toward a desired behavior are reinforced.

Premack Principle

A principle stating that a more desired activity can serve as a reinforcer for a less desired activity.

Behavior Modification

A therapeutic approach that seeks to change potentially self-destructive or unhealthy behaviors through the systematic application of the principles of conditioning.

Continuous Reinforcement

A learning schedule in which every correct response is followed by a reward, facilitating rapid learning.