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A business cycle has two turning points, which are the
Baby Boomers
A generational cohort born approximately between 1946 and 1964, known for experiencing significant economic prosperity and societal change.
Continuous
Ongoing, without interruption or end.
Immediate Reinforcement
The provision of a reward or feedback right after a particular behavior, which increases the likelihood of that behavior being repeated.
Partial Reinforcement
A conditioning method where only some responses are reinforced, making the learned behavior more resistant to extinction.
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