In an Economic Model

question 50

Multiple Choice

In an economic model:

• A)exogenous variables and endogenous variables are both determined outside the model.
• B)endogenous variables and exogenous variables are both determined within the model.
• C)endogenous variables affect exogenous variables.
• D)exogenous variables affect endogenous variables.

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Definitions:

Neutral Stimulus

A stimulus that initially produces no specific response other than focusing attention; in classical conditioning, it becomes associated with an unconditioned stimulus.

Operant Conditioning

A method of learning that occurs through rewards and punishments for behavior, emphasizing the effects of consequences on behavior.

Conditioned Stimulus

A previously neutral stimulus that, after association with an unconditioned stimulus, elicits a conditioned response.

Conditioned Response

A learned reaction to a previously neutral stimulus, obtained through repeated association with an unconditioned stimulus.