Moving Along Which Curve Does the Money Wage Rate and the Price

question 151

Multiple Choice

Moving along which curve does the money wage rate and the price level change in the same proportions?

• A) the SAS curve
• B) the LAS curve
• C) the AD curve
• D) None of the above because there is no curve along which both the money wage rate and the price level change in the same proportions.

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Definitions:

Law of Effect

A psychological principle stating that behaviors followed by positive outcomes are likely to be repeated, while those followed by negative outcomes are less likely to be repeated.

Negative Reinforcement

The process of increasing desired behaviors by removing or avoiding a negative stimulus.

OB Mod

Stands for Organizational Behavior Modification, which is a technique used to improve productivity and behavior in the workplace by applying principles of behavioral psychology.

Reinforcement Schedules

In behavioral psychology, plans or timetables for when and how often reinforcement for a desired behavior is given.