Habituation Refers to the Increase in Response as a Result

question 25

True/False

Habituation refers to the increase in response as a result of repeated presentation of a stimulus.

---

Definitions:

Inflation

The rate at which the general level of prices for goods and services is rising, and, consequently, the purchasing power of currency is falling.

Unemployment

Occurs when individuals who are actively seeking work are unable to find employment. It is typically measured as a percentage of the labor force.

Supply Shocks

Unexpected events that suddenly change the supply of a good or service, potentially leading to rapid price changes.

Short-Run Phillips Curve

A curve that illustrates the inverse relationship between the rate of inflation and the unemployment rate in the short term, suggesting that lower unemployment comes with higher inflation.