In the Classical Range of the Aggregate Supply Curve, Greater

question 2

Multiple Choice

In the classical range of the aggregate supply curve, greater spending for consumer and investment goods results in:

• A) stagflation.
• B) more unemployment.
• C) greater output.
• D) a higher price level.

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Definitions:

Desirable Behaviors

Actions or reactions that are considered preferred or positive within a specific context or society.

Negative Reinforcement

The removal of an aversive stimulus following a desired behavior, which also increases the likelihood of that behavior's recurrence.

Punishment

A consequence applied in response to undesired behavior, intended to discourage that behavior in the future.

Extinction

A process in which a particular behavior decreases over time because it is no longer reinforced or rewarded.