Economists Refer to Fluctuations in Output as the "Business Cycle

question 1

True/False

Economists refer to fluctuations in output as the "business cycle" because movements in output are regular and predictable.

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Definitions:

Operant Conditioning

A method of learning that occurs through rewards and punishments for behavior, encouraging the occurrence of desired behaviors.

Observational Learning

A learning process through which behaviors are acquired by watching and imitating others.

Primary Reinforcers

Stimuli that are naturally rewarding and satisfy basic biological needs, such as food, water, and warmth, and do not require learning to be effective.

Secondary Reinforcers

Stimuli that have acquired reinforcing properties through their association with primary reinforcers, such as money or praise.