Sam,a Used Car Salesman,doesn't Know How Many Customers He Will

question 26

Multiple Choice

Sam,a used car salesman,doesn't know how many customers he will have to approach until someone buys a car,but he does know it is possible that the very next customer will buy a car.Sam's sales behavior is reinforced according to which type of reinforcement schedule?

• A)variable ratio
• B)fixed-ratio
• C)fixed-interval
• D)variable interval

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Definitions:

Velocity V

The rate at which money circulates in an economy, typically measured as the ratio of nominal GDP to the money supply.

M Rises

An increase in the money supply within an economy, which could potentially lead to various economic effects such as inflation or stimulation of economic growth.

Percentage Fall

A measure of decrease expressed as a proportion of the original quantity.

Crude Quantity Theory

A basic concept in economics that suggests the amount of money in circulation determines the level of economic activity, affecting prices and inflation.