Figure 27-3 -Refer to Figure 27-3.In the Dynamic Model of AD-AS in Model

question 87

Multiple Choice

Figure 27-3

-Refer to Figure 27-3.In the dynamic model of AD-AS in the figure above,if the economy is at point A in year 1 and is expected to go to point B in year 2,Congress and the president would most likely

• A) increase the money supply and decrease the interest rate.
• B) increase taxes.
• C) increase government spending.
• D) increase oil prices.
• E) raise interest rates.

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Definitions:

Associative Learning

The process by which an individual learns the connection between two stimuli or between a behavior and a consequence.

Pavlov

A Russian physiologist best known for his work in classical conditioning, demonstrating how reflexes can be conditioned to respond to neutral stimuli through association.

Watson

John B. Watson, an American psychologist who established the psychological school of behaviorism, emphasizing the study of observable behavior.

Skinner

B.F. Skinner, a psychologist and behaviorist known for his development of the operant conditioning theory, emphasizing the influence of external stimuli on behavior.