When He Was Younger, Tommy Stacked Blocks for the Sheer

question 177

Multiple Choice

When he was younger, Tommy stacked blocks for the sheer joy of doing so. Now, Tommy only stacks blocks when he is trying to build something or when he is playing a game. The term that best describes Tommy's development is:

• A) interaction
• B) automaticity
• C) extrinsically motivated behavior
• D) functional subordination

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Definitions:

Unemployment Rate

The percentage of the total labor force that is unemployed but actively seeking employment and willing to work.

Friedman-Phelps

An economic theory associated with Milton Friedman and Edmund Phelps, focusing on the natural rate of unemployment and the relationship between inflation and unemployment.

Actual Inflation

The real rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling.

Natural Rate

The level of any economic factor, such as unemployment or interest rates, that is unaffected by short-term fluctuations and is determined by long-term factors.