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Difficulty: Medium Figure 13-4
-Refer to Figure 13-4. Let Y = real GDP, AE = Aggregate Expenditures, C = Consumption,
IP = Planned Investment and Y* = equilibrium real GDP. Suppose AE = C + IP, IP is autonomous and the consumption function is C = $1,000 billion + 0.5Y. If firms produced a real GDP greater than the Y*,
Classically Conditioned
The process by which an automatic conditioned response is paired with a specific stimulus through association over time.
Stimulus Events
External or internal occurrences that elicit responses from an organism or cognitive system.
Repetitive Stimulus
A stimulus presented repeatedly to a subject, often used in experiments to measure response habituation or sensitization.
Reward
A benefit or positive outcome provided to encourage a certain behavior or achievement.
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