As Aggregate Demand Shifts Left Along the Short-Run Aggregate Supply

question 28

Multiple Choice

As aggregate demand shifts left along the short-run aggregate supply curve,

• A)inflation and unemployment are higher.
• B)inflation is higher and unemployment is lower.
• C)unemployment is higher and inflation is lower.
• D)unemployment and inflation are lower.

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Definitions:

Operant Conditioning

A method of learning where behavior is altered by either enforcing it positively or disciplining through consequences.

Child

A young human being below the age of puberty or below the legal age of majority.

Voluntary Responses

Behaviors that are under conscious control, typically as a result of conscious decision making.

Thorndike

Edward Thorndike was an influential psychologist known for his work on learning theory and the Law of Effect.