When the Price Level Falls from 135 to 120,the Aggregate

question 234

Multiple Choice

When the price level falls from 135 to 120,the aggregate level of GDP supplied falls from $140 billion to $125 billion.This ________ relationship represents the ________ relationship between GDP and the price level.

• A)negative; short-run
• B)positive; short-run
• C)negative; long-run
• D)positive; long-run

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Definitions:

Persistent Behavior

A continuous, repeated pattern of actions or tendencies that are exhibited over time, often resisting change.

Token Economy

A form of behavior modification based on the systematic reinforcement of target behavior, through the use of tokens that can be exchanged for other rewards.

Fixed-Ratio Schedule

A reinforcement schedule in operant conditioning where a response is reinforced only after a specified number of responses have occurred.

Intensive Study

An in-depth investigation or analysis concentrated on a specific subject or phenomenon over a limited period.