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question 77

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Use the following to answer questions .
Exhibit: The Inflation-Unemployment Cycle Use the following to answer questions . Exhibit: The Inflation-Unemployment Cycle   -(Exhibit: The Inflation-Unemployment Cycle)  The shifts of AD from point 1 to 2 to 3 to 4 are characteristic of the _______ phase of the inflation-unemployment cycle. A)  stagflation B)  recovery C)  Phillips D)  advanced
-(Exhibit: The Inflation-Unemployment Cycle) The shifts of AD from point 1 to 2 to 3 to 4 are characteristic of the _______ phase of the inflation-unemployment cycle.


Definitions:

Weber's Law

A principle stating that the change in a stimulus that will be just noticeable is a constant ratio of the original stimulus.

Just Noticeable Difference

The smallest change in intensity of a stimulus that can be detected by the sensory system.

Psychophysics Term

Relates to the study of the relationship between physical stimuli and the sensations and perceptions they produce.

Absolute Difference

A measure of the total amount of difference between two quantities or numbers.

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