The Federal Reserve System Has the Power To

question 10

Multiple Choice

The Federal Reserve System has the power to:

• A)raise or lower federal income tax rates.
• B)balance the federal government budget.
• C)increase or decrease federal government spending.
• D)compete with commercial banks in making loans to business firms.
• E)buy and sell federal government securities.

Understand the contributions of major theorists to the development of learning theories, including Pavlov, Skinner, Watson, Thorndike, Bandura, and Rescorla.

Explain the process and applications of operant conditioning, including reinforcement and punishment mechanisms.

Recognize patterns of stimulus generalization and discrimination in classical conditioning.

Comprehend the concept of observational learning and its factors as defined by Bandura.