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What Is a Black Hole

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What is a black hole?

Understand the relationship and differences between the aggregate demand curve, the aggregate expenditure line, and shifts due to various economic factors.
Grasp the effects of changes in the marginal propensities to save and consume on the consumption function and multiplier.
Understand the relationship between the expected rate of return, required rate of return, and market efficiency.
Comprehend the concept of an efficient portfolio and its attributes.

Definitions:

Negative Reinforcement

A behavior modification technique that involves the removal of an unpleasant stimulus to increase the likelihood of a desired behavior.

Negative Reinforcement

A process in behavior conditioning where a response or behavior is strengthened by stopping, removing, or avoiding a negative outcome or aversive stimulus.

Punishment

A consequence applied with the intention of reducing or eliminating an undesirable behavior by introducing a negative stimulus.

Operant Conditioning

A system of education where the level of a response is modified through reinforcement or deterrents.

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