In the Long Run

question 135

Multiple Choice

In the long run,

• A) attempts to "fine-tune" the economy cause the rate of unemployment to accelerate.
• B) there is no inflation-unemployment trade-off.
• C) there is an inflation-unemployment trade-off, and the terms of that trade-off have worsened in recent years.
• D) there is an inflation-unemployment trade-off, but the terms of that trade-off have improved in recent years.

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Definitions:

Lunch Bell

A bell or alarm that signals the start or end of a lunch break, often used in schools or workplace settings.

Higher-order Conditioning

A form of learning in which a stimulus is paired with a previously conditioned stimulus, creating the same conditioned response.

Established CS

In the field of classical conditioning, it refers to a previously neutral stimulus that, after association with an unconditioned stimulus, now triggers a conditioned response.

New CS

In classical conditioning, a novel conditioned stimulus that is introduced and associated with an unconditioned stimulus to elicit a conditioned response.