Other Things Remaining the Same, If the Quantity of Money

question 201

Multiple Choice

Other things remaining the same, if the quantity of money increases by a given percentage, then in the long run the ________ by the same percentage.

• A) price level rises
• B) price level falls
• C) real interest rate rises
• D) real interest rate falls
• E) nominal interest rate falls

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Definitions:

Fixed-Ratio

In the context of reinforcement learning, it describes a schedule where a response is reinforced only after a specified number of responses have occurred, leading to a high, steady rate of responding.

Variable-Ratio

A reinforcement schedule in which the number of responses required for a reward varies around an average, making the reinforcement unpredictable and typically leading to high and stable response rates.

DRH

A differential reinforcement of high rates of behavior schedule where reinforcement is contingent on responses being made at or above a certain rate.

DRO

A behavioral intervention technique known as Differential Reinforcement of Other behavior, where reinforcement is delivered for any behavior other than a target behavior.