Those Economists Who Argue That a Significant Amount of Crowding

question 30

Multiple Choice

Those economists who argue that a significant amount of crowding out exists believe that the impact of expansionary fiscal policy will be _________________ by the crowding out.Their reasoning is that if the government increases purchases,and finances that spending by borrowing money,spending in the private sector will _______________,leading ultimately to _____________ in aggregate demand.

• A) strengthened; fall; little or no change
• B) strengthened; rise; a significant rise
• C) weakened; fall; little or no change
• D) weakened; rise; a significant rise

Analyze real-life scenarios to identify examples of operant conditioning.

Understand the impact of reinforcement magnitude, timing, and frequency on the strength of learned behaviors.

Compare and contrast negative reinforcement and punishment.

Apply knowledge of operant conditioning to suggest behavioral modification techniques.

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Definitions:

Specific Performance

A legal remedy requiring a party to fulfill their obligations under a contract, rather than paying damages for breach.

Sale of Land

The process of transferring ownership of a parcel of land from one party to another through a legal sale agreement.

Impossibility

A doctrine under which a party to a contract is relieved of his or her duty to perform when that performance has become impossible because of the occurrence of an event unforeseen at the time of contracting.

Express Condition

A clearly stated, specific requirement within a contract that must be met for the contract's promises to be enforceable.