Using the Maintaining of a Constant Temperature in a Building

question 135

Multiple Choice

Using the maintaining of a constant temperature in a building as an example of a feedback loop,the thermostat would be an example of a(n)

• A) sensor
• B) control center
• C) effector
• D) positive feedback loop

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Definitions:

Monetarist Point

A viewpoint in economics that emphasizes the role of governments in controlling the amount of money in circulation through monetary policy.

Velocity Of Money

The rate at which money is exchanged from one transaction to another, often used to gauge the health of an economy.

Money Supply

The entirety of monetary assets present in an economy, such as cash, coins, and balances in checking and saving accounts, at a certain point in time.

Rational Expectations Theory

The hypothesis that individuals form future expectations on the basis of all available information, and thereby consistently predict future conditions accurately.