​The Use of Response Cost Involves the Consideration Of

question 13

Multiple Choice

​The use of response cost involves the consideration of:

• A) ​whether interactions can be avoided
• B) ​which reinforcer to remove and when the loss will occur
• C) ​whether escape can be prevented
• D) ​when the punishing stimulus will be presented

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Definitions:

Open Market

A marketplace that is open to all participants and where goods, securities, currencies, and other items can be bought and sold.

Simple Money Multiplier

A formula used to determine the maximum amount of money that can be created by a bank's deposits under a fractional reserve banking system.

Required Reserve Ratio

The fraction of deposits that banks are legally mandated to keep as reserves and not lend out.

Excess Reserves

The reserves held by financial institutions in excess of the minimum reserve requirements set by central banks; these are not used for lending and can influence the money supply.