Economists Believe That Most Short-Run flUctuations in Output Are the Result

question 236

True/False

Economists believe that most short-run fluctuations in output are the result of supply shocks.

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Definitions:

Implicit Memory

Memories that are not consciously recalled but influence behaviors and knowledge, such as skills and tasks.

Classically Conditioned

A training technique where two stimuli are continually linked together; a reaction initially caused by the second stimulus is ultimately triggered by the first stimulus by itself.

Emotional Reactions

Immediate responses to stimuli or events, varying in intensity, that involve psychological and physiological changes and influencing behavior.

Conscious Recollection

The intentional and aware memory retrieval of specific experiences or information from one's past.