Consider a Simple Macro Model with Demand- Determined Output

question 30

Multiple Choice

Consider a simple macro model with demand- determined output. An exogenous increase in the domestic price level will

• A)pivot the net export function and the AE curve upward.
• B)shift the net export function downward and the AE curve upward.
• C)shift both the net export function and the AE curve upward.
• D)shift the net export function upward and the AE curve downward.
• E)shift both the net export function and the AE curve downward.

Recognize the role and types of reinforcers (primary and secondary) in the learning process.

Grasp the principle of higher order conditioning and its implications.

Comprehend the concept of latent learning and its significance in behavior not immediately reflected in behavior change.

Understand the process and significance of cognitive maps.

---

Definitions:

Property, Plant, and Equipment

Long-term assets vital to business operations and not easily converted into cash, encompassing real estate, factories, machinery, and more.

Buildings

Assets classified in accounting as long-term or fixed assets, representing structures owned by a company for business use.

Return On Assets

A profitability ratio that measures how efficiently a company uses its assets to generate profit, calculated as net income divided by total assets.

Asset Turnover

A ratio that measures the efficiency of a company's use of its assets in generating sales revenue.