Scenario 34-1

question 270

Multiple Choice

Scenario 34-1.Take the following information as given for a small,imaginary economy:
• When income is $10,000,consumption spending is $6,500.
• When income is $11,000,consumption spending is $7,300.
-Refer to Scenario 34-1.The marginal propensity to consume for this economy is

• A) 0.650.
• B) 0.664.
• C) 0.650 or 0.664,depending on whether income is $10,000 or $11,000.
• D) 0.800.

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Definitions:

Operant Conditioning

Operant conditioning is a learning process in which the likelihood of a behavior is modified by its consequences, involving reinforcements or punishments.

Transference Behaviors

Psychological phenomena where unresolved feelings, desires, and expectations from past relationships are projected onto current relationships, often occurring within therapy.

Aversive Conditioning

A type of counterconditioning that associates an unpleasant state (such as nausea) with an unwanted behavior (such as drinking alcohol).

Psychological Disorders

Psychological disorders, also known as mental disorders, are patterns of behavioral or psychological symptoms that impact multiple areas of life and create distress for the person experiencing them.