The Quantity of Real GDP Supplied Decreases If the Price

question 153

Multiple Choice

The quantity of real GDP supplied decreases if the price level ________ because it ________ profits.

• A)rises; increases
• B)rises; decreases
• C)falls; increases
• D)falls; decreases
• E)None of the above answers are correct because the AS curve is vertical so that the quantity of real GDP supplied does not change when the price level changes.

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Definitions:

Fixed-Interval

A schedule of reinforcement where the first response is rewarded only after a specified amount of time has elapsed.

Social Learning Approach

A theory emphasizing that new behaviors can be acquired by observing and imitating others, in addition to the effects of reinforcement and punishment.

Albert Bandura

A psychologist renowned for his work on social learning theory and the concept of self-efficacy.

B. F. Skinner

A renowned psychologist known for his work in behaviorism and development of the theory of operant conditioning.