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When Stimulus Generalization Occurs, ____

question 105

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When stimulus generalization occurs, ____.

Distinguish between the perspectives of supply-side economics, rational expectations theory, and new classical economics on the role of government in the economy.
Understand the principles of rational expectations theory and its criticisms.
Know the macroeconomic policies implemented during the Great Recession and their effects.
Identify the differing views of economic schools of thought on government intervention during economic downturns.

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