Economic Growth

question 108

Multiple Choice

Economic growth

• A)Is an increase in output or real GDP.
• B)Causes a contraction in the production possibilities curve.
• C)Involves reduced capacity in the short run.
• D)None of the choices are correct.

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Definitions:

Latent Learning

A form of learning that occurs without any obvious reinforcement of the behavior or associations that are learned.

Insight

The ability to understand the inner nature of things or a deep understanding of a person or situation, often leading to a sudden clear solution after a period of confusion.

Learning Set

The ability to become more efficient in learning new tasks based on experiences gained from learning previous tasks.

Response Set

A tendency for a person to respond to questions or situations in a patterned way, often based on habit or bias rather than thoughtful consideration.