An Inflationary Gap Is Automatically Closed by _____ Wages That

question 100

Multiple Choice

An inflationary gap is automatically closed by _____ wages that shift the SRAS curve _____.

• A) falling; rightward
• B) falling; leftward
• C) rising; rightward
• D) rising; leftward

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Definitions:

Conditioned Stimulus

A previously neutral stimulus that, after association with an unconditioned stimulus, elicits a conditioned response.

Classical Conditioning

A training mechanism in which two stimuli are frequently paired together; over time, the response that was originally caused by the second stimulus is elicited by the first stimulus.

Unconditioned Response

A reflexive, instinctual reaction to an unconditioned stimulus, not learned through previous experience.

Conditioned Response

A learned reaction to a conditioned stimulus that occurs because of previous conditioning, an essential concept in classical conditioning theories.