When Economists Measure the Aggregate Economy and Say That It

question 71

True/False

When economists measure the aggregate economy and say that it is either expanding or contracting,they are indicating the direction of the current business cycle.

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Definitions:

Cumulative Recorder

A device used in behavioral psychology to visually represent the rate of responses over time in a graph form.

Shaping

A method of teaching or behavior modification that involves reinforcing successive approximations toward a desired behavior.

Shaping

The process of reinforcing successive approximations to a desired behavior.

Operant Conditioning

A learning strategy in which the level of a specific behavior is adjusted using incentivization or penal measures.