Classical Economists and Keynes Shared the Belief That Increased Saving

question 96

True/False

Classical economists and Keynes shared the belief that increased saving would necessarily stimulate an equal amount of increased investment spending.

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Definitions:

Classical Conditioning

A learning process that occurs when two stimuli are repeatedly paired; a response that is at first elicited by the second stimulus is eventually elicited by the first stimulus alone.

Operant Conditioning

A learning process through which the strength of a behavior is modified by reinforcement or punishment.

Cognitive-Behavioral Therapy

A psychotherapeutic treatment that helps individuals understand the thoughts and feelings that influence behaviors, aimed at changing negative thought patterns and behaviors.

Relaxation Training

Techniques or exercises designed to reduce tension and stress, promoting physical and mental well-being.