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Describe the extinction procedure and the results of extinction for operant conditioning and respondent conditioning.
AD4 to AD5
No specific universally recognized definition; possibly refers to a shift or movement from one aggregate demand curve (AD4) to another (AD5) in economics.
Equilibrium GDP
is the level of Gross Domestic Product where aggregate supply equals aggregate demand in an economy.
Aggregate Supply Curve
The relationship between the total quantity of goods and services that firms are willing to produce and sell at different price levels in an economy.
Laissez-Faire Capitalism
An economic system where private parties are free to engage in economic activities with minimal government intervention.
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