The Vertical Intercept of the Consumption Function Equals ________ and the Slope

question 15

Multiple Choice

The vertical intercept of the consumption function equals ________ and the slope equals ________.

• A)the mpc; autonomous consumption
• B)autonomous consumption; the mpc
• C)the unplanned component of consumption; the planned component of consumption
• D)the planned component of consumption; the unplanned component of consumption

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Definitions:

Classical Conditioning

A training method where two cues are consistently associated with each other, leading to a situation where a reaction initially triggered by the second cue is ultimately triggered by the first cue alone.

Robert Rescorla

A psychologist known for his influential work in the conditioning area, particularly regarding the contingency model of classical conditioning.

B. F. Skinner

An American psychologist known for his work in behaviorism and the development of the theory of operant conditioning, which emphasizes the role of reinforcement and punishment in shaping behavior.

Law of Effect

A principle in psychology proposed by Edward Thorndike, suggesting that behaviors followed by positive outcomes are likely to be repeated, while those followed by negative outcomes are less likely to reoccur.