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What Does the Phillips Curve Measure

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What does the Phillips curve measure?


Definitions:

Long-Term Effects

The lasting consequences or impacts of an event, action, or condition that may not be apparent immediately but are observed over a prolonged period.

Behaviour Modification Program

A systematic approach to changing behaviors through the application of principles of learning, including reinforcement and punishment.

Baseline Data

Initial information gathered before a research or treatment begins, used for comparison with data collected during or after the process.

Target Behaviour

Refers to a specific action or reaction that therapy or intervention aims to change or reinforce.

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