As an Economist You Observe That as Inflation (The Rate

question 10

Multiple Choice

As an economist you observe that as inflation (the rate of increase in the price level) falls unemployment rises.What can you say in regards to this observation?

• A)The decrease in inflation caused unemployment to rise.
• B)The increase in unemployment cased inflation to decrease.
• C)Both a and B
• D)Without an economic theory, it is not possible to imply causality from this observation.

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Definitions:

Observational Learning

The process of acquiring new behaviors by observing and imitating the actions of others.

Bandura's Model

Refers to Albert Bandura's Social Learning Theory, which emphasizes the importance of observing, modelling, and imitating the behaviors, attitudes, and emotional reactions of others.

Relatively Permanent

A term often used in the context of learning and memory, indicating changes in behavior or knowledge that are stable over time and not easily forgotten.

Sensory Stimuli

Environmental factors or changes that are detected by sensory organs, triggering responses or reactions in an organism.