The More Interest-Sensitive Is Money Demand,the

question 88

Multiple Choice

The more interest-sensitive is money demand,the

• A)more effective is fiscal policy relative to monetary policy.
• B)more effective is monetary policy relative to fiscal policy.
• C)steeper is the IS curve.
• D)steeper is the LM curve.

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Definitions:

Imprinting

A form of learning occurring at a particular life stage that is rapid and apparently independent of the outcomes of behavior.

Operant Conditioning

A learning process by which the strength of a behavior is modified by reinforcement or punishment.

Classical Conditioning

The process of acquiring knowledge through the repeated combination of two stimuli, where a response initially caused by the second stimulus is ultimately caused by the first stimulus alone.

Imprinting

A form of rapid learning occurring within a critical period early in an animal's life, wherein it forms attachments and develops species-specific behaviors.