Suppose at a Particular Level of Real Gross Domestic Product

question 20

Multiple Choice

Suppose at a particular level of real gross domestic product (GDP) ,there are no unintended inventory adjustments.In this context,which of the following is true?

• A)Real GDP is less than the equilibrium level of real GDP demanded.
• B)Real GDP is greater than the equilibrium level of real GDP demanded.
• C)Real GDP equals the equilibrium level of real GDP demanded.
• D)At equilibrium real GDP,there is no inflation.
• E)At equilibrium real GDP,there is no saving.

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Definitions:

Observed Behavior

The actions or reactions of an individual or group that are visible and can be recorded or noted.

Self-administered Reinforcement

A behavior modification technique where individuals give themselves rewards or punishments to increase or decrease certain behaviors.

Reward

An item, event, or outcome that increases the likelihood of a behavior being repeated, crucial in the processes of learning and conditioning.

Punishment

A consequence given in response to an action or behavior deemed unacceptable or wrong, intended to discourage that behavior.