The Transactions Demand for Money

question 220

Multiple Choice

The transactions demand for money

• A) varies directly with nominal Gross Domestic Product (GDP).
• B) varies inversely with nominal Gross Domestic Product (GDP).
• C) sometimes directly and sometimes inversely with nominal Gross Domestic Product (GDP).
• D) has no relationship with nominal Gross Domestic Product (GDP).

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Definitions:

Contingency Of Reinforcement

A principle in behaviorism stating that the effectiveness of reinforcement depends on the situation or conditions under which it is administered.

Positive Reinforcement

A motivational technique in psychology, involving the addition of a rewarding stimulus following a desired behavior, to increase the likelihood of it occurring again.

Pleasant Event

An occurrence that induces positive feelings, satisfaction, or enjoyment.

Task Group

A task group is a set of individuals gathered to achieve a specific goal or accomplish a set task through collective effort.