Suppose the Economy Is in Long-Run Equilibrium and There Is

question 252

Multiple Choice

Suppose the economy is in long-run equilibrium and there is an increase in investment.As a result,real GDP will ________ in the short run,and ________ in the long run.

• A)increase; increase further
• B)increase; decrease to its initial value
• C)decrease; decrease further
• D)decrease; increase to its initial level

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Definitions:

Operant

In Skinner’s system, an instrumental response that is defined by its effect (the way it operates) on the environment.

Swallowing

The process by which food or liquid is moved from the mouth through the pharynx and into the esophagus.

Red Traffic Light

A signaling device at road intersections, pedestrian crossings, and other locations to control traffic, indicating vehicles must stop.

Emitted Behaviors

Actions or responses that are not directly elicited by external stimuli but are voluntarily produced by the organism.