A Decrease in the Price Level Will

question 119

Multiple Choice

A decrease in the price level will

• A)shift the aggregate demand curve to the left.
• B)shift the aggregate demand curve to the right.
• C)move the economy up along a stationary aggregate demand curve.
• D)move the economy down along a stationary aggregate demand curve.
• E)have no impact on the economy.

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Definitions:

Operant Conditioning

A learning process in which the frequency of an organism's behavior is modified by reinforcement or punishment.

Positive Reinforcement

A process in operant conditioning where a behavior is followed by a rewarding stimulus, increasing the likelihood of that behavior occurring again.

Cognitive Schema

Mental structures that an individual uses to organize knowledge and guide cognitive processes and behavior.

Stereotype

A common yet rigid and simplistic representation or notion of a specific kind of individual or object.