Which of the Following Describes What the Fed Would Do

question 153

Multiple Choice

Which of the following describes what the Fed would do to pursue an expansionary monetary policy?

• A)use open market operations to buy Treasury bills
• B)use open market operations to sell Treasury bills
• C)use discount policy to raise the discount rate
• D)raise the reserve requirement

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Definitions:

Partial Reinforcement

A conditioning strategy wherein a reward is not administered every time the desired behavior is performed, making a behavior more resistant to extinction.

Continuous Reinforcement

A method of learning that entails giving a reward after every desired behavior.

Ratio Schedule

A schedule of reinforcement where a response is reinforced only after a specified number of responses have occurred.

Partial Reinforcement Effect

The tendency for a response that is reinforced after some, but not all, correct responses to be very resistant to extinction.