Which of the Following Statements Is Correct

question 72

Multiple Choice

Which of the following statements is correct?

• A)New classicals believe that the aggregate supply curve is a vertical line in both the short run and the long run.
• B)Both new classicals and new Keynesians believe that the aggregate supply curve is vertical in the long run.
• C)New Keynesians believe that the aggregate supply curve is vertical in the short run but not in the long run.
• D)New Keynesians believe that the aggregate supply curve slopes upward in the long run.

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Definitions:

Classical Conditioning

is a learning process that occurs when two stimuli are repeatedly paired; a response that is at first elicited by the second stimulus is eventually elicited by the first stimulus alone.

Classical Conditioning

A method of learning that involves forming connections between stimuli in the environment and those that occur naturally.

Modify Behavior

The process of changing or adjusting one's actions, reactions, or habits, often through various forms of learning or intervention.

Reciprocal Determinism

A concept in psychology that suggests a person's behavior is both influenced by and influences their personal factors and the environment.