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Refer to the following figure when answering the following questions.
Figure 13.5: AS/AD Model
-Consider Figure 13.5. If the Fed sets a lower inflation target, under rational expectations, the economy moves from point ________ to point ________.
Primary Reinforcer
A stimulus that is inherently rewarding and fulfills a basic biological need or desire.
Secondary Reinforcer
A stimulus that gains its reinforcing power through its association with a primary reinforcer, such as praise, money, or tokens, which are not naturally rewarding.
Observational Learning
The process of learning by watching the actions of others and the consequences of those actions, also known as social learning.
Higher-order Conditioning
Higher-order conditioning is a process in behavioral psychology where a stimulus that was previously neutral becomes conditioned by being paired with an already conditioned stimulus.
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