In Order for Social Learning to Take Place

question 33

Multiple Choice

In order for social learning to take place,

• A)tasks must be complex, so as to motivate the employee.
• B)the behavior being modeled must be intangible in nature.
• C)the employee must possess the physical attributes needed to imitate the behavior.
• D)the employee need not perceive a direct cause-and-effect linkage.
• E)the employee must be physically present at the time of the demonstration.

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Definitions:

Fed Buys Bonds

An action by the Federal Reserve to purchase government securities from the market to increase the money supply and lower interest rates.

Money Supply

The aggregate financial resources within an economy at a given point in time, including cash, coins, and the balances maintained in checking and savings accounts.

Aggregate Demand

The aggregate need for all products and services across an economy at different pricing points, during a defined timeframe.

Nominal Variables

Economic variables measured in monetary terms without adjustment for inflation, reflecting their value in current prices.