At Rightway Industries, New Hires Spend a Significant Portion of Their

question 175

Multiple Choice

At Rightway Industries, new hires spend a significant portion of their first week of training just walking around the factory, observing other workers and watching them get rewarded for doing their jobs well. This is an example of:

• A) vicarious learning.
• B) self-efficacy.
• C) self-reinforcement.
• D) delegation.
• E) experiential learning.

---

Definitions:

Spending Multiplier

The ratio of a change in output (economic activity) to a change in spending, indicating the ripple effect of an initial expenditure through the economy.

Aggregate Demand Curve

A graphical representation of the total demand for goods and services in an economy at various price levels, holding all else constant.

Expansionary Gap

A situation where the actual output in an economy exceeds the potential output, leading to inflationary pressure.

Expansionary Gap

A situation in macroeconomics where a country's actual gross domestic product exceeds its potential GDP, leading to inflation.