In the Figure Above, According to the Classical Model of Economic

question 120

Multiple Choice

In the figure above, according to the classical model of economic growth, in the long run the real wage rate equals _{--------------------}and the quantity of labor is_{--------------------} billions of hours per year.

• A)$35; 300
• B)$35; 200
• C)$25; 300
• D)$25; 200
• E)More information is needed to answer the question.

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Definitions:

Latent Learning

A type of learning that occurs without any obvious reinforcement of the behavior or associations that are learned, and the knowledge is not immediately expressed.

Insight Learning

A form of problem solving where the solution suddenly comes to the learner after a period of reflection, rather than through trial and error.

Discrimination

Unfair and prejudiced treatment directed at various groups, particularly because of their race, age, or sex.

Extinction

Within the realm of behavioral psychology, it describes the slow reduction and ultimate vanishing of a learned reaction when the previously associated conditioned stimulus is no longer presented alongside the unconditioned stimulus.