If Citizens Vote on the Basis of Both Low Inflation

question 88

Multiple Choice

If citizens vote on the basis of both low inflation and low unemployment at the time of the election,then presidents might,in order to ensure their re-election:

• A) spur inflation soon after their elections,and then cause a recession.
• B) stimulate the economy throughout their terms.
• C) cause a recession soon after their elections,and then stimulate the economy.
• D) run a tight monetary and fiscal policy throughout their terms.

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Definitions:

Operant Conditioning

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

Classical Conditioning

A learning technique in which ongoing association between two stimuli eventually leads to a response initially induced by the second stimulus being induced by the first stimulus alone.

Expectations

Beliefs or forecasts about future events or behaviors that can influence one's psychological and behavioral responses.

Latent Learning

Learning that occurs without immediate reinforcement but is demonstrated when motivation is present.