Ms Jones Is a Professor at a University

question 158

Multiple Choice

Ms. Jones is a professor at a university. She strongly supports the rational expectations theory. She is likely to believe that the only time active policy has an impact on aggregate output is when _____

• A) an expansionary policy is implemented.
• B) a recessionary policy is implemented.
• C) policy changes are unannounced.
• D) an economy has a recessionary gap.
• E) an economy has an expansionary gap.

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Definitions:

Likelihood

The probability or chance of an event occurring, often assessed in decision-making processes.

Behavioral Consequences

The outcomes or results that follow from specific behaviors, which can reinforce or discourage the behavior.

Desired Behavior

Actions or conduct that are sought after or encouraged within a certain context, such as a workplace or community.

Reinforcement Schedule

A strategy in behavior analysis that determines how and when a behavior will be reinforced to encourage or discourage it.