The Theory of Bureaucratic Behavior When Applied to the Fed

question 93

Multiple Choice

The theory of bureaucratic behavior when applied to the Fed helps to explain why the Fed

• A) resists so vigorously congressional attempts to limit the central bank's autonomy.
• B) is secretive about the conduct of future monetary policy.
• C) sought less control over banks in the 1980s.
• D) all of the above.
• E) only A and B of the above.

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Definitions:

Conditioned Reinforcer

A stimulus that gains its reinforcing power through its association with a primary reinforcer and is used to increase the likelihood of a response.

Negative Reinforcer

A stimulus whose removal or avoidance following a specific behavior increases the likelihood of that behavior being repeated in the future.

Extinction

Extinction in psychology refers to the diminishing of a conditioned response when the reinforcement is withheld; in biology, it pertains to the disappearance of species.

Conditioned Response

The learned response to a previously neutral stimulus that has been repeatedly presented along with an unconditioned stimulus.