The View of Modern Psychologists Regarding Instincts Is That

question 175

Multiple Choice

The view of modern psychologists regarding instincts is that:

• A)They do not exist in humans.
• B)Through evolution,instincts have either dropped out or became weakened.
• C)They are a major motivator of human behavior.
• D)None of the above is true.

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Definitions:

Liquidity Preference

The desire of consumers and businesses to hold onto cash or easily convertible assets rather than making long-term investments or transactions.

Supply and Demand

The fundamental economic model for price determination in a market, describing the relationship between the quantity of a good that producers wish to sell at various prices and the quantity that consumers wish to buy.

Interest-Rate Effect

The interest-rate effect describes how changes in the central bank's interest rate influence the level of overall spending in the economy by affecting borrowing costs.

Price Level

A measure of the average of current prices across the entire spectrum of goods and services produced in the economy.