Which of the Following Pieces of Evidence Is Most Consistent

question 333

Multiple Choice

Which of the following pieces of evidence is most consistent with the monetarist theory?

• A) Labor supply decisions do not seem to depend on real interest rates.
• B) Changes in real GDP and the quantity of money move closely together.
• C) Money wage rates take some time to adjust to price changes.
• D) Productivity and GDP move closely together.

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Definitions:

Reinforcement

An operational technique used in behavior analysis to increase the frequency of a desired behavior by introducing a motivating item after the behavior is exhibited.

DRH Schedule

Differential Reinforcement of High Rates of behavior schedule; a reinforcement schedule in which a higher rate of a specific behavior is reinforced, encouraging the behavior to occur more frequently.

Reinforcer

Any stimulus that increases the likelihood of a preceding behavior being repeated.

Primary Reinforcer

An innate reinforcing stimulus like nourishment or shelter, which does not require learning to be effective in enhancing behavior.