The Reason Why Some Economists Believe That Attempts by the Central

question 41

Multiple Choice

The reason why some economists believe that attempts by the Central Bank to surprise the public in a systematic way cannot be successful is that

• A)information about the Bank's plans will inevitably be leaked to the public.
• B)the Bank announces its goals and publishes its policy actions six weeks after they take place.
• C)the public would eventually figure out what the Bank's policies were,negating the Bank's surprise.
• D)competition in the money markets would neutralize the Bank's intervention.

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Definitions:

Punisher

An aversive stimulus that, when applied following a behavior, decreases the likelihood of that behavior occurring again in the future.

Primary Reinforcer

A naturally reinforcing stimulus, such as food or water, that satisfies a basic biological need.

Punishment

A consequence aimed at reducing a particular behavior, often used as a behavioral modification technique.

Antecedent

An event or condition that precedes and triggers a behavior or response, often studied in behaviorism to understand and modify behavior.