The Habit System Adapts Slowly to Changes in Contingencies

question 39

True/False

The habit system adapts slowly to changes in contingencies.

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Definitions:

Jack Johnson

Jack Johnson was the first African American world heavyweight boxing champion, known for his groundbreaking career and challenges to racial barriers in the early 20th century.

Federal Reserve Act

A law enacted in 1913 that established the Federal Reserve System, which is the central banking system of the United States, designed to provide the country with a safer, more flexible, and more stable monetary and financial system.

Central Banking System

The institution that manages a country's currency supply, monetary policy, and financial institutions, usually aiming to ensure economic stability.