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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. Which of the following measures an inflationary gap? A) Y<sub>3</sub> - Y<sub>1</sub> B) Y<sub>3</sub> - Y<sub>2</sub> C) Y<sub>2</sub> - Y<sub>1</sub> D) Y<sub>3</sub> - Y<sub>0</sub>
-(Figure: Inflationary and Recessionary Gaps) Look at the figure Inflationary and Recessionary Gaps. Which of the following measures an inflationary gap?


Definitions:

Adult Phobias

Intense, irrational fears experienced by adults, often rooted in past experiences or triggered by specific objects or situations.

Operant Conditioning

A method of learning that occurs through rewards and punishments for behavior, through which an association is made between a behavior and a consequence for that behavior.

Behaviorists

Psychologists who focus on observable behaviors and the ways in which learning influences behavior, often through conditioning.

B. F. Skinner

A psychologist and behaviorist who developed the theory of operant conditioning - the idea that behavior is determined by its consequences.

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