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The Dynamic Aggregate Demand and Aggregate Supply Model Assumes That

question 140

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The dynamic aggregate demand and aggregate supply model assumes that potential GDP increases over time.


Definitions:

Operant Conditioning

A teaching technique that involves changing the power of a behavior by either reinforcing or disciplining.

Shaping

A method of teaching new behaviors by reinforcing successive approximations towards the desired behavior.

Likelihood

The probability or chance that a given event will occur.

Toys

Toys are objects designed for play, often used by children and pets to provide entertainment, stimulation, and aids in learning and development.

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