According to the Phillips Curve, the Inflation Rate Depends on All

question 102

Multiple Choice

According to the Phillips curve, the inflation rate depends on all of the following except:

• A) previously expected inflation.
• B) an exogenous supply shock.
• C) the real interest rate.
• D) the deviation of output from its natural rate.

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Definitions:

Continuous Reinforcement

Reinforcing the desired response every time it occurs.

Partial Reinforcement

A conditioning schedule in which a reward is not administered every time the desired response is performed, leading to more resistant learned behavior.

Primary Reinforcement

A stimulus that satisfies basic survival needs and is inherently rewarding, such as food, water, or warmth, used in behavioral conditioning.

Negative Reinforcer

A stimulus whose removal or avoidance following a behavior increases the likelihood of that behavior occurring again in the future.