In the Aggregate Demand-Output Model, If Aggregate Demand Is Less

question 32

Multiple Choice

In the aggregate demand-output model, if aggregate demand is less than GDP, then:

• A) inventory is unchanged.
• B) inventory is depleted.
• C) employment increases.
• D) GDP decreases.

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Definitions:

Schedule

A plan that gives a list of events or tasks and the times at which each one should happen or be done.

Conditioned Reinforcer

A stimulus that gains its reinforcing power through its association with a primary reinforcer, used to increase the likelihood of a desired response.

Primary Reinforcer

A stimulus that satisfies a basic biological need, such as food, water, or warmth, which inherently reinforces and promotes certain behaviors.

Operant Behavior

A concept in behavioral psychology referring to behavior that is controlled or influenced by its consequences, including rewards and punishments.