Other Things Being Equal,the Economy's AS Curve Will Shift Upward

question 68

Multiple Choice

Other things being equal,the economy's AS curve will shift upward in the short run if there is

• A)an increase in the cost of capital.
• B)a decrease in the cost of capital.
• C)a decrease in nominal wages.
• D)a decrease in the price level.
• E)an improvement in technology.

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Definitions:

Fixed-ratio

A reinforcement schedule in which a response is rewarded after a predetermined number of responses.

Variable-interval

A reinforcement timetable in which a response is reinforced following a random duration of time.

Variable-ratio Schedule

A reinforcement schedule where a response is reinforced after an unpredictable number of responses, making it highly resistant to extinction.

Specific Number

A specific number refers to a distinct and particular numerical value, identified without ambiguity.