A Key Assumption of the Classical Model Is That

question 86

Multiple Choice

A key assumption of the classical model is that

• A) government intervention is important to get markets to clear
• B) prices adjust until quantity supplied equals quantity demanded
• C) markets never clear in the long run
• D) demand adjusts in order to meet supply
• E) prices remain constant and supply and demand adjust

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Definitions:

Operant Conditioning

A method of learning that employs rewards and punishments for behavior, reinforcing certain behaviors and dissuading others.

Psychodynamic Therapy

A therapeutic approach emphasizing unconscious processes and past experiences affecting current behavior.

Cognitive Therapy

A form of psychotherapy that focuses on modifying dysfunctional thoughts and beliefs to improve emotional regulation and develop personal coping strategies.

Behavior Modification

A treatment approach based on the principles of operant conditioning, aiming to change undesirable behaviors through the systematic use of reinforcement or punishment.