If National Income Is Demand- Determined, the Condition for National

question 94

Multiple Choice

If national income is demand- determined, the condition for national income to be in equilibrium can be stated as:

• A)AE must be greater than Y.
• B)actual saving equals actual investment.
• C)unemployment must equal the natural unemployment rate.
• D)desired saving equals actual investment.
• E)desired aggregate expenditure equals the actual level of national income.

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Definitions:

Unconditioned Stimulus

In behavioral psychology, a stimulus that naturally and automatically triggers a response without any learning process involved.

Conditioned Responses

Learned reactions that occur in response to previously neutral stimuli after conditioning.

Higher-order Conditioning

A complex form of classical conditioning where a stimulus is paired with a previously conditioned stimulus, rather than with an unconditioned stimulus, to elicit a response.

Discriminative Stimuli

Refer to environmental cues or signals that indicate the probable consequence of a particular behavior, guiding organisms to respond accordingly.