-In the Aggregate Demand - Aggregate Supply Diagram in Figure

question 12

Multiple Choice

-In the Aggregate Demand - Aggregate Supply diagram in Figure 8.1, Box 5 should be filled with

• A)PI* for macroeconomic equilibrium Price Index.
• B)RGDP* for macroeconomic equilibrium Real Gross Domestic Product.
• C)AS for Aggregate Supply.
• D)AD for Aggregate Demand.

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Definitions:

Response Generalisation

The process by which a subject exhibits learned responses not only to the original stimulus but also to similar stimuli.

Stimulus Discrimination

Stimulus discrimination is the ability to differentiate between distinct but similar stimuli, responding only to the one associated with a reinforcement.

Traffic Light

A signaling device positioned at road intersections, pedestrian crossings, and other locations to control the flow of traffic.

Green Light

A signal to proceed or an indication that a proposed action is acceptable or safe.