A Persistent Surplus of Pounds at a Given Fixed Exchange

question 189

Multiple Choice

A persistent surplus of pounds at a given fixed exchange rate (in dollars per pound) is evidence that the pound is ________ versus the dollar.This surplus can be reduced or eliminated through a ________ of the pound.

• A)undervalued; devaluation
• B)undervalued; revaluation
• C)overvalued; revaluation
• D)overvalued; devaluation

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Definitions:

Unconditioned Stimulus

In the context of classical conditioning, a stimulus that naturally and effortlessly induces a response, without the need for prior learning.

Classical Conditioning

A foundational concept in behavioral psychology where an automatic conditioned response is established by pairing a neutral stimulus with an unconditioned stimulus.

Fixed-Interval Schedule

A system where the initial reaction is incentivized after a predetermined period has passed.

Reinforcement

In psychology, it is a consequence that will strengthen an organism's future behavior whenever that behavior is preceded by a specific antecedent stimulus.