While the Financial Crisis Was Devastating in Many Ways, Your

question 148

Multiple Choice

While the financial crisis was devastating in many ways, your textbook author says the worst consequence is:

• A) low levels of output and high unemployment that could linger for several years.
• B) the inability of banks to borrow.
• C) the difficulty of conducting monetary policy in an era of increased regulation.
• D) some of the European peripherals had to come to the rescue of the United States.

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Definitions:

Token Economy

A behavioral modification technique where desirable behaviors are rewarded with tokens that can be exchanged for various privileges or treats.

Behavior Modification

A therapeutic approach that seeks to change undesirable behaviors through the systematic application of the principles of learning.

Cognitive Therapy

Therapy that teaches people new, more adaptive ways of thinking and acting; based on the assumption that thoughts intervene between events and our emotional reactions.

Behavior Modification

A form of psychotherapy that uses basic learning techniques to change maladaptive behaviors to more desirable ones.