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In the Aggregate Demand-Aggregate Supply Model, Short-Run Equilibrium Occurs at the Combination

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In the aggregate demand-aggregate supply model, short-run equilibrium occurs at the combination of output and prices where:

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A set of guidelines, norms, and standards established by a community or society to regulate behavior and maintain order.

Reinforcement

A process in behavioral psychology that involves increasing the probability of a behavior by following it with a positive or negative stimulus.

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Punishment

Consequences applied with the intention of reducing or eliminating unwanted behavior.

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