Exhibit 14-3 Aggregate Supply and Demand Curves

question 127

Multiple Choice

Exhibit 14-3 Aggregate supply and demand curves

-In Exhibit 14-3,the change in equilibrium from E₁ to E₂ represents:

• A) cost-push inflation.
• B) demand-pull inflation.
• C) price-push inflation.
• D) wage-push inflation.

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Definitions:

Classical Conditioning

A method of conditioning wherein two stimuli are steadily paired; a reaction, initially caused by the second stimulus, is at last caused by the first stimulus by itself.

Flashing Blue Light

Often used in emergency vehicles, signaling urgency and alerting others to give way, also studied for its effects on the human brain and body.

Classical Conditioning

An associative learning process where two stimuli are constantly paired together; the second stimulus initially causes a response which in time is caused by the first stimulus alone.

Acquisition

The phase during learning when a response is established and gradually strengthened.