Use the Following Figure to Answer the Questions : Figure

question 50

Multiple Choice

Use the following figure to answer the questions : Figure 8.3:
-A supply-side policy approach in Figure 8.3,given AD₁ and AS₁,to achieve both lower prices and more output would be to

• A)Increase the growth of the money supply.
• B)Reduce marginal tax rates and government regulation in an effort to move AS₁ to AS₂.
• C)Wait until natural market forces establish full employment.
• D)Increase aggregate spending.

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Definitions:

Reinforcement

In behavioral psychology, it refers to a consequence that strengthens an organism's future behavior whenever that behavior is preceded by a specific antecedent stimulus.

Meteors

Bright streaks of light in the sky produced by small dust or rock fragments entering Earth's atmosphere and burning up, often called "shooting stars."

Continuous Schedule

A reinforcement schedule in which every occurrence of a desired behavior is reinforced.

Reinforced

Strengthened or emphasized, often used in the context of behaviors being increased through positive or negative reinforcement.