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question 243

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Use the following to answer questions:
Figure: Inflationary and Recessionary Gaps Use the following to answer questions: Figure: Inflationary and Recessionary Gaps   -(Figure: Inflationary and Recessionary Gaps)  Look at the figure Inflationary and Recessionary Gaps. At E<sub>1</sub>, the economy: A) is in equilibrium. B) has an inflationary gap. C) has a recessionary gap. D) has low unemployment.
-(Figure: Inflationary and Recessionary Gaps) Look at the figure Inflationary and Recessionary Gaps. At E1, the economy:


Definitions:

Classical Conditioning

A method of learning where, through continuous pairing, a reaction initially induced by a second stimulus comes to be provoked by the first stimulus instead.

Extinction

In psychology, the gradual weakening and disappearance of a conditioned response when the conditioned stimulus is repeatedly presented without the unconditioned stimulus.

Discrimination

Discriminatory actions or attitudes against people belonging to distinct categories, mainly due to factors like ethnicity, age, or sexual orientation.

Classical Conditioning

A learning process that occurs through associations between an environmental stimulus and a naturally occurring stimulus, famously demonstrated by Ivan Pavlov's experiments with dogs.

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