Refer to the Information Provided in Figure 29

question 253

Multiple Choice

Refer to the information provided in Figure 29.2 below to answer the question(s) that follow. Figure 29.2
-Refer to Figure 29.2. If the economy is currently at Point B and policy makers implement a policy which shifts the aggregate demand curve to AD₁, the time the economy needs to make the adjustment is known as the

• A) implementation lag.
• B) recognition lag.
• C) response lag.
• D) frictional lag.

---

Definitions:

Conditioned Stimulus

A previously neutral stimulus that, after being associated with an unconditioned stimulus, elicits a conditioned response.

Classical Conditioning

A teaching method involving the repeated association of two stimuli; a reaction originally produced by the second stimulus eventually becomes produced by just the first stimulus.

Unconditioned Stimulus

In classical conditioning, a stimulus that naturally and automatically triggers a reflexive response without prior conditioning.

Conditioned Stimulus

A previously neutral stimulus that, after becoming associated with the unconditioned stimulus, eventually triggers a conditioned response.