Personal Consumption Expenditures Include

question 76

Multiple Choice

Personal consumption expenditures include:

• A) all commodities that business firms buy.
• B) the purchase prices paid for stocks and bonds by individual households.
• C) the construction of residential housing.
• D) all goods and services bought by households.
• E) the corrected value of housewives' services.

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Definitions:

Extinction

The diminishing of a conditioned response; occurs in classical conditioning when an unconditioned stimulus (US) does not follow a conditioned stimulus (CS).

Discrimination

Unfair or prejudicial treatment of people based on differences such as race, gender, age, or sexual orientation.

Conditioned Stimulus

A stimulus that was neutral at first but becomes associated with an unconditioned stimulus to trigger a conditioned response after conditioning.

Generalization

A process in learning where the response is to spread from one specific stimulus to other stimuli that resemble the original.