When Actual Output Is Less Than Potential Output, There Is

question 9

Multiple Choice

When actual output is less than potential output, there is ________ output gap and the rate of inflation will tend to ________.

• A)an expansionary; increase
• B)an expansionary; decrease
• C)a recessionary; decrease
• D)a recessionary; increase

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Definitions:

Exposure

A therapeutic technique where individuals confront their fears or traumatic memories in a safe and controlled environment to reduce their power.

Classical Conditioning

A learning process that occurs when two stimuli are repeatedly paired; a response that is at first elicited by the second stimulus is eventually elicited by the first stimulus alone.

Operant Conditioning

A method of learning that occurs through rewards and punishments for behavior.

Contingent Reinforcement

A reinforcement strategy in which a reward or punishment is given only after the desired behavior is demonstrated.