In the Long Run, Changes in the Aggregate Price Level

question 1

Multiple Choice

In the long run, changes in the aggregate price level will be accompanied by _____ proportional changes in input prices.

• A) less than
• B) more than
• C) equal
• D) opposite

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Definitions:

Spontaneous Recovery

The reappearance of a learned response after its apparent extinction, often occurring in the absence of further conditioning.

Extinct

A term describing a species, family, or larger group of organisms that no longer exists.

Systematic Desensitization

A behavioral therapy method used to gradually reduce phobia or anxiety through controlled exposure to the feared object or situation in conjunction with relaxation techniques.

Fear Reduction

A psychological process or intervention aimed at decreasing the intensity of fear reactions, often through techniques such as exposure therapy or cognitive restructuring.