A Recessionary Gap Occurs If

question 201

Multiple Choice

A recessionary gap occurs if:

• A) actual real GDP is less than potential output.
• B) actual real GDP is greater than potential output.
• C) actual real GDP is equal to potential output.
• D) unemployment is less than the natural rate.

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Definitions:

Higher-order Conditioning

A process in classical conditioning by which a stimulus that's associated with a primary conditioned stimulus also becomes a conditioned stimulus.

Stimulus Discrimination

The ability to differentiate between one stimulus and similar stimuli, ensuring that only the original stimulus triggers the conditioned response in classical conditioning.

Stimulus Discrimination

The ability to differentiate between similar stimuli and respond appropriately to each one.

Conditioned Stimulus

A conditioned stimulus is a previously neutral stimulus that, after being repeatedly paired with an unconditioned stimulus, begins to evoke a conditioned response.