Refer to the Following Figure to Answer the Following Questions

question 140

Multiple Choice

Refer to the following figure to answer the following questions.
-According to the figure,if an expansionary monetary policy is fully expected,that policy will cause an economy initially in full-employment equilibrium to see real gross domestic product (GDP)

• A) increase from Y₂ to Y₃.
• B) first increase from Y₂ to Y₃ but then decrease back to Y₂.
• C) stay at Y₂.
• D) decrease from Y₂ to Y₁.
• E) increase from Y₁ to Y₂.

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Definitions:

Operant Conditioning

A learning process whereby behaviors are influenced by consequences, including reinforcement and punishment, as proposed by B.F. Skinner.

Fundamental Principle

A basic concept or underlying rule that is foundational to a system, theory, or scientific discipline, guiding thinking and action.

Favourable Consequences

Positive outcomes or rewards that are likely to encourage a particular behavior to be repeated.

Primary Reinforcer

A stimulus that satisfies a basic survival need and thus inherently reinforces and increases the likelihood of a behavior associated with it.