Most Economists Use the Aggregate Demand and Aggregate Supply Model

question 139

Multiple Choice

Most economists use the aggregate demand and aggregate supply model primarily to analyze

• A)short-run fluctuations in the economy.
• B)the effects of macroeconomic policy on the prices of individual goods.
• C)productivity and economic growth.
• D)None of the above is correct.

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Definitions:

Stimulus Control

The degree to which conditions in the environment influence the occurrence of a specific behavior.

Example

A representative instance or case used to illustrate or explain a concept, principle, or process.

Stimulus Discrimination

The ability to differentiate between similar stimuli and respond only to the specific stimulus that is associated with a reinforcement.

Stimulus Generalization

The phenomenon where a response to a specific stimulus becomes associated with similar stimuli, resulting in a similar response.