Velocity Is

question 221

Multiple Choice

Velocity is

• A)Y/(M x P)and increases if dollars are exchanged less frequently.
• B)Y/(M x P)and increases if dollars are exchanged more frequently.
• C)(P x Y)/M and increases if dollars are exchanged less frequently.
• D)(P x Y)/M and increases if dollars are exchanged more frequently.

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Definitions:

Reinforcement

The process of encouraging or establishing a pattern of behavior by offering rewards or consequences.

Employer

An entity or individual that hires and pays individuals for their labor or services.

Continuous-Reinforcement

A learning schedule in which every occurrence of the desired behavior is reinforced, thereby facilitating the acquisition of the desired behavior.

Fixed-Ratio

In behavioral psychology, a schedule of reinforcement where a response is reinforced only after a specified number of responses.