The Quantity Equation Implies That Any Decrease in the Money

question 71

Multiple Choice

The quantity equation implies that any decrease in the money supply has to lead directly to:

• A) an increase in P.
• B) a decrease in P.
• C) an increase in Y.
• D) a decrease in Y.

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Definitions:

Operant Conditioning

A learning process in which the strength of a behavior is modified by reinforcement or punishment.

Bizarre Way

In an extremely unusual or strange manner that is far from normal or conventional.

Shaping

A learning procedure in which successive approximations of the desired behavior are rewarded until finally the exact and complete behavior is learned.

Modeling

A learning process where individuals imitate or adopt behaviors, attitudes, or skills by observing others.