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Figure 8-1
-Based on the scatter diagram in Figure 8-1, approximately how much will consumption increase after a permanent tax cut of $400 billion?
Antecedent
An event, condition, or stimulus that precedes a behavior or response, often influencing or triggering it.
Extinction
In psychology, extinction is the process by which a conditioned response decreases or disappears after repeated presentations without the unconditioned stimulus.
Positive Reinforcer
A stimulus that increases the probability of a behavior being repeated by providing a rewarding outcome.
Punishment
A consequence that follows an undesirable behavior, with the intent of reducing or eliminating that behavior.
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