Output in the Goods and Services Market Will Be Sustained

question 75

Multiple Choice

Output in the goods and services market will be sustained into the future

• A) if aggregate demand and short-run aggregate supply are in balance.
• B) only when the prior choices of decision makers were based on a correct anticipation of prices.
• C) only when prices are rising.
• D) only when wage rates are declining.

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Definitions:

Reinforcement Contingency

Reinforcement contingency is a term in behavioral psychology that refers to the relationship between a behavior and its consequence, emphasizing that a behavior must be followed by a reinforcement for the behavior to be increased.

Internal

Pertaining to or situated within something; often refers to phenomena or processes occurring within an organism or object.

External

Originating from outside, not confined within an entity or individual.

Achievement Motivation

The drive to excel, achieve in relation to a set of standards, or strive to succeed.