In the Aggregate Demand and Aggregate Supply Model

question 59

Multiple Choice

In the aggregate demand and aggregate supply model:

• A) the factors that cause the demand curves in both models to slope downward are the same.
• B) the factors that cause the supply curves in both models to slope upward are the same.
• C) the upward-sloping aggregate demand curve intersects the downward-sloping aggregate supply curve to determine the economy's price level and GDP.
• D) the upward-sloping aggregate supply curve intersects the downward-sloping aggregate demand curve to determine the economy's price level and GDP.

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Definitions:

Fixed Ratio Schedule

A reinforcement schedule in behavioral psychology where a response is reinforced only after a specified number of responses.

Variable Interval Schedule

A reinforcement schedule in operant conditioning where a response is rewarded after an unpredictable amount of time has passed.

Fixed Interval Schedule

A reinforcement schedule in operant conditioning where rewards are delivered at fixed intervals of time, provided the appropriate response is made.

Intermittent Reinforcement

A conditioning schedule where a response is only sometimes rewarded, leading to more resilient behavior compared to continuous reinforcement.