The Rate of Inflation Will Be Permanently Reduced Provided

question 100

Multiple Choice

The rate of inflation will be permanently reduced provided

• A)the rate of monetary growth is permanently reduced.
• B)the government balances the budget.
• C)people behave rationally.
• D)there is a Pigou effect.

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Definitions:

Operant Conditioning

A method of learning where behavior alteration occurs through the application of incentives or consequences.

Associate

To connect or link in one's mind, often referring to the process of forming mental connections between ideas, objects, or experiences.

Law Of Effect

A psychological principle stating that behaviors followed by satisfying consequences are more likely to be repeated, while those followed by unpleasant consequences are less likely to be repeated.

Profane Language

The use of words or expressions considered disrespectful, vulgar, or abusive in certain contexts or cultures.