Everything Else Remaining the Same, an Increase in the Expected

question 123

Multiple Choice

Everything else remaining the same, an increase in the expected inflation rate

• A)shifts the aggregate demand curve rightward.
• B)shifts the aggregate demand curve leftward.
• C)shifts the short-run aggregate supply curve leftward.
• D)shifts the long-run aggregate supply curve rightward.
• E)creates a movement up along the aggregate demand curve.

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Definitions:

Higher Order Conditioning

A process in behavioral psychology where a conditioned stimulus is paired with a new neutral stimulus, creating a second-level conditioned response.

Conditioned Stimulus

A previously neutral stimulus that, after being paired with an unconditioned stimulus, elicits a conditioned response.

Operant Conditioning

A process of behavioral adjustment where the level of an action is modified through the application of rewards or punishments.

Extinction

In psychology, the gradual weakening and disappearance of a conditioned response tendency.