The Next Questions Refer to the Following

question 36

Multiple Choice

The next questions refer to the following.
Suppose that, in the absence of supply shocks, the inflation-unemployment relationship is inflation rate = expected inflation rate + 2(natural rate of unemployment - actual unemployment rate) .
-If consumers expect an inflation rate of .06,the natural rate of unemployment is .05,and the actual unemployment rate is .07,then the actual inflation rate is

• A) .02
• B) .04
• C) .06
• D) .08
• E) .10

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Definitions:

Fixed-interval Schedule

A type of reinforcement schedule in behaviorism where rewards are delivered at consistent time intervals after a desired behavior is performed.

Taste Aversions

A learned aversion to consuming certain foods or drinks because they have been associated with an unpleasant sensation or illness.

Nonadaptive

Nonadaptive refers to traits or behaviors that do not improve an organism's chances of survival or reproduction in its environment.

Robert Rescorla

A psychologist known for his work on the involvement of cognitive processes in classical conditioning, particularly the Rescorla-Wagner model.