Exhibit 10.1 -Refer to Exhibit 10.1, Which Shows the Short-Run Aggregate Supply

question 189

Multiple Choice

Exhibit 10.1

-Refer to Exhibit 10.1, which shows the short-run aggregate supply (SRAS) curve of an economy. At Y₃, _____

• A) output levels are at the economy's potential.
• B) output levels are less than the economy's potential.
• C) unemployment is at the natural rate.
• D) unemployment is higher than the natural rate.
• E) unemployment is lower than the natural rate.

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Definitions:

Negative Reinforcement

A behavioral principle where the removal of an unfavorable event or outcome after the display of a behavior increases the likelihood of that behavior being repeated in the future.

Latent Learning

Learning that occurs without any obvious reinforcement or immediate demonstration of the learned behavior.

Obvious Reinforcement

Refers to a reinforcement that is clearly and directly related to a specific behavior, making the consequences of the behavior apparent.

Operant Conditioning

A learning process through which the strength of a behavior is modified by reinforcement or punishment.