Nonactivists of Policies Contend That a Policy of Shifting the Aggregate

question 14

Multiple Choice

Nonactivists of policies contend that a policy of shifting the aggregate ________ curve will be costly because it produces ________ volatility in both the price level and output.

• A)supply;less
• B)supply;more
• C)demand;less
• D)demand;more

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Definitions:

Learning

The process of acquiring new understanding, knowledge, behaviors, skills, values, attitudes, and preferences.

Conditioned Stimulus

A previously neutral stimulus that, after becoming associated with an unconditioned stimulus, eventually comes to trigger a conditioned response.

Unconditioned Stimulus

A stimulus that naturally triggers a response without any prior learning or association.

Unconditioned Response

In classical conditioning, a naturally occurring reaction to an unconditioned stimulus, such as salivating in response to food.