Explain the Three Reasons the Aggregate Demand Curve Slopes Downward

question 136

Essay

Explain the three reasons the aggregate demand curve slopes downward.

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Definitions:

Operant Response

Is a behavior or action that is a consequence of the operant conditioning process, wherein behaviors are modified through reinforcement or punishment.

Reinforced

In psychology, refers to the process of strengthening a behavior by providing a reward or removing an adverse stimulus after the behavior occurs.

Positive Reinforcer

A stimulus that, when presented after a behavior, increases the likelihood of that behavior being repeated.

Conditioned Stimulus

A stimulus that was neutral at first but, after being associated with an unconditioned stimulus, starts to generate a conditioned response.