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Graph the demand for and supply of Australian dollars for euros. Suppose the Reserve Bank of Australia decides to follow a contractionary monetary policy. Show graphically and explain the effect of this policy on the demand and supply of dollars and the resulting change in the exchange rate of euros for dollars.
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Operant-Conditioning
A method of learning in which behavior strength is altered via rewards or penalties.
Skinner Box
A controlled environment used to study animal behavior, named after B.F. Skinner, an American psychologist.
Operant Conditioning
A method of learning that occurs through rewards and punishments for behavior.
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