Which of the Following Is Likely to Be an Effect

question 51

Multiple Choice

Which of the following is likely to be an effect of inflation?

• A) an increase in the willingness of lenders to lend money for longer periods
• B) a decrease in the willingness of borrowers to borrow money for longer periods
• C) a decrease in the purchasing power of lenders in an economy
• D) an increase in the willingness of people to buy bonds as a hedge against rising prices
• E) an increase in the willingness of people to buy physical assets as a hedge against rising prices

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Definitions:

Unconditioned Responses

Natural, unlearned reactions to an unconditioned stimulus, such as reflexes or instinctual actions.

Learning

The acquisition of knowledge, skills, behaviors, or attitudes through experience, study, or teaching, leading to a permanent change in behavior or understanding.

Introspection

The examination of one's own conscious thoughts and feelings, often used in the context of psychology to analyze individual mental and emotional processes.

Associative Learning

Learning that certain events occur together. The events may be two stimuli (as in classical conditioning) or a response and its consequence (as in operant conditioning).