In the AD/AS Model, the Aggregate Demand for Goods and Services

question 157

Multiple Choice

In the AD/AS model, the aggregate demand for goods and services is composed of the purchases made by

• A) households and foreigners (net exports).
• B) businesses, bondholders, and foreigners (net exports).
• C) businesses and governments.
• D) consumers, investors, governments, and foreigners (net exports).

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Definitions:

Associative Learning

A learning principle that involves forming connections between stimuli or events that occur together in the environment, leading to learning.

Latent Learning

Learning that occurs without immediate reinforcement and is not demonstrated until there is an incentive to show it.

Vicarious Reinforcement Learning

A process by which individuals learn to replicate or avoid behaviors based on the observed consequences of those behaviors for someone else.

Insight Learning

A form of problem solving where the solution is suddenly realized after a period of reflection, rather than through trial and error.