Over the Last Fifty Years Both Real GDP and Prices

question 53

Multiple Choice

Over the last fifty years both real GDP and prices have trended upward in most countries.Continuing real GDP growth and inflation can be explained by

• A)continuing technological progress alone.
• B)continuing increases in the money supply alone.
• C)continued technological progress and continuing increases in the money supply.
• D)None of the above can explain continuing real GDP growth and inflation.

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Definitions:

Immediate Feedback

The prompt response given after a task or activity, aimed at reinforcing learning or correcting mistakes.

Changing Criterion Design

This design involves systematically altering the criterion for reinforcement or success as the subject's behavior gradually approximates the target behavior.

Changing Conditions Design

A research design used in behavioral science to assess the effects of interventions under varying conditions or environments over time.

Carryover Effects

The continuation of a behavior change or learning from one situation or condition to another.