In the Aggregate Demand-Aggregate Supply Model in the Short Run

question 159

Multiple Choice

In the aggregate demand-aggregate supply model in the short run, an increase in the money supply will lead to a(n) _____

• A) increase in both the price level and real GDP.
• B) increase in the price level only.
• C) increase in real GDP and a decrease in the price level.
• D) decrease in real GDP and an increase in the price level.

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Definitions:

Multiple Baseline Design

An experimental design that introduces the intervention at different times across settings, behaviors, or subjects to demonstrate control over the variables being examined.

Changing Criterion Design

An experimental design in which the effect of the intervention is demonstrated by how well the behavior matches a criterion that is systematically altered.

Reversal Design

A research design often used in behavior analysis, where a behavior is measured before and after an intervention, and then the intervention is withdrawn to see if behavior returns to baseline levels.

Changing Criterion Design

An experimental design in which the intervention's effectiveness is demonstrated by gradually altering the criterion for reinforcement to shape a target behavior.