Use the Following to Answer Questions

question 31

Multiple Choice

Use the following to answer questions:
Suppose that the money supply is equal to $10 billion and the velocity of money is 6.
-(Scenario: The Quantity Theory of Money) Refer to Scenario: The Quantity Theory of Money.If the aggregate price level is 4,then the real GDP is:

• A) $60 billion.
• B) $30 billion.
• C) $20 billion.
• D) $15 billion.

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Definitions:

Generalization

The term most often used in the applied literature to describe behavior changes that occur in nontraining conditions.

Indiscriminable Contingencies

Situations where it is not clear to the individual what behavior is being reinforced because the reinforcement schedule is unpredictable, increasing the behavior's resistance to extinction.

Common Social Stimuli

Elements or signals in social environments that elicit responses or behaviors from individuals, often studied in psychology and sociology.

Common Physical Stimuli

External factors that elicit sensory or physiological responses from individuals, often used in experiments to examine reactions and behaviors.