When USHousing Prices Declined Prior to and During the Great Recession,it

question 60

Multiple Choice

When U.S.housing prices declined prior to and during the Great Recession,it caused aggregate demand to decrease because

• A) the government raised interest rates to prevent inflation.
• B) household wealth decreased,causing a decline in consumer spending.
• C) the U.S.population and labor force declined abruptly.
• D) the government refused to allow the money supply to increase.
• E) the government raised taxes and decreased spending.

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Definitions:

Primary Reinforcer

A stimulus that satisfies a biological need, inherently reinforcing without prior learning.

Antecedent

An event, condition, or stimulus that precedes a behavior or response, often influencing or triggering it.

Extinction

In psychology, extinction is the process by which a conditioned response decreases or disappears after repeated presentations without the unconditioned stimulus.

Positive Reinforcer

A stimulus that increases the probability of a behavior being repeated by providing a rewarding outcome.