-In the Above Table, There Are No Taxes and No

question 130

Multiple Choice

$$\begin{array} { | l | l | l | l | } \hline \begin{array} { l } \text { Real GDP } \\\text { (dollars) }\end{array} & \begin{array} { l } \text { Consumption } \\\text { expenditure } \\\text { (dollars) }\end{array} & \begin{array} { l } \text { Investment } \\\text { (dollars) }\end{array} & \begin{array} { l } \text { Government } \\\text { expenditure } \\\text { (dollars) }\end{array} \\\hline 3,000 & 2,500 & 500 & 500 \\\hline 4,000 & 3,250 & 500 & 500 \\\hline 5,000 & 4,000 & 500 & 500 \\\hline 6,000 & 4,750 & 500 & 500 \\\hline 7,000 & 5,500 & 500 & 500 \\\hline 8,000 & 6,250 & 500 & 500 \\\hline\end{array}$$
-In the above table, there are no taxes and no imports or exports. If current real GDP is equal to
$7,000, then firms will

• A) not change production because $7,000 is the equilibrium level of real GDP.
• B) decrease production to restore inventories to their target level.
• C) increase production to rebuild inventories to their target level.
• D) None of the above answers is correct.

Understand the concept of avoidance learning and its resistance to extinction.

Understand the definition and characteristics of phobias.

Identify and understand the key principles of classical conditioning as they relate to the development of phobias.

Describe challenges and criticisms regarding classical conditioning theories in explaining phobias.

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