Examlex
With classical conditioning, the learners are _____, while in operant conditioning the learners are _____ in their interactions with the environment.
Credit Available
The amount of credit that a financial institution extends to a client, which the client has not yet used.
Autonomous Consumption
The level of consumption spending that occurs when income is zero, reflecting expenditures that consumers must make even when they have no income.
Permanent Income Hypothesis
Formulated by Milton Friedman, it states that the strongest influence on consumption is one’s estimated lifetime income.
Paradox of Thrift
An economic theory suggesting that while saving is beneficial to an individual, increased savings by the entire population can lead to a decrease in aggregate demand, ultimately reducing savings at a macroeconomic level.
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