Everything Else Held Constant,if Workers Expect an Increase in Inflation,________

question 41

Multiple Choice

Everything else held constant,if workers expect an increase in inflation,________ aggregate supply ________.

• A)long-run;increases
• B)long-run;decreases
• C)short-run;decreases
• D)short-run;increases

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Definitions:

External Locus

The belief that one's life events are largely controlled by external forces or fate rather than one's own efforts.

Unconditioned Response

In classical conditioning, it is the automatic, natural reaction elicited by an unconditioned stimulus without prior learning or conditioning.

Conditioned Response

An automatic response established by training to an ordinarily neutral stimulus.

Unconditioned Stimulus

The stimulus normally produced by the unconditioned response (e.g., food producing salivation).