According to Recent Estimates of Okun's Law, If the Unemployment

question 194

Multiple Choice

According to recent estimates of Okun's law, if the unemployment rate fell by a full percentage point, it would most probably be attributable to a _____ in real GDP.

• A) 3% increase
• B) 2% increase
• C) 1% increase
• D) 3% decrease

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Definitions:

Positive Reinforcement

A process in psychology which increases the likelihood of a behavior by following it with a desirable outcome or reward.

Flooding

A therapeutic technique used in psychology to treat phobias and anxiety disorders by exposing the patient to their fear object in a controlled environment.

Habituation

The psychological process by which an individual becomes accustomed to a stimulus and consequently decreases their response to it over time.

Shaping

A method used in behavioral psychology to gradually train a new behavior by reinforcing successive approximations of the target behavior.