If Equilibrium GDP Is $900 Billion Greater Than Full Employment

question 21

Short Answer

If equilibrium GDP is $900 billion greater than full employment GDP and there is a deflationary gap of $300 billion,how much is the multiplier?

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Definitions:

Latent Learning

Latent learning is the process by which knowledge is acquired without any immediate manifestation of learned behavior or obvious reinforcement.

Cognitive Processes

Mental processes involved in gaining knowledge and understanding, including perception, thinking, memory, judgment, and problem-solving.

Conditioned Reinforcers

Secondary reinforcers that acquire their reinforcing qualities through their association with primary reinforcers.

Fixed-Interval

In operant conditioning, a schedule of reinforcement where rewards are presented at fixed time intervals, as long as the appropriate response is made.