Examlex
Negative reinforcement occurs when a response is followed by unpleasant events, thereby decreasing the likelihood that a behaviour will be repeated. In contrast, punishment occurs when a behaviour is strengthened so that a person will avoid a negative outcome.
Phillips Curve
A concept in economics that indicates an inverse relationship between the rate of unemployment and the rate of inflation within an economy.
Inflation Rate
The rise in the average cost of goods and services throughout an economy over a specified period.
Money Supply Growth
The rate at which the total amount of monetary assets in an economy increases over time, which can influence inflation, interest rates, and economic growth.
Unemployment Rate
The proportion of the labor force that is not currently employed but is actively looking for work and willing to work.
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