Suppose That During an Economic Boom,workers Get Higher Wages

question 43

Multiple Choice

Suppose that during an economic boom,workers get higher wages.They do not expect the boom to last,and expect wages to return to their usual level.As a result,during the boom (compared to usual times) ,

• A) they are likely to want to work more hours.
• B) they are likely to work less hours.
• C) they are likely to work the same hours as usual.
• D) the answer is uncertain: it depends on which is stronger, the income or substitution effect.

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Definitions:

Punching the Wall

An act of physical aggression or frustration where an individual strikes a wall with their fist.

Positive Reinforcement

A technique in behavior modification that involves rewarding a desired behavior to increase the likelihood of it happening again.

Drive Theories

Psychological theories that describe motivation as being driven by biological needs that demand satisfaction.

Secondary Reinforcement

A type of reinforcement where a stimulus reinforces a behavior because it is associated with a primary reinforcer.