As a Contractionary Gap Is Closed in the Long Run

question 23

Multiple Choice

As a contractionary gap is closed in the long run,

• A)the inflation rate increases and unemployment decreases
• B)output increases and the price level decreases
• C)both output and the price level increase
• D)both output and the price level decrease
• E)the inflation rate decreases and unemployment increases

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Definitions:

AB Design

A simple experimental design involving a baseline (A) followed by a treatment or intervention phase (B).

Intensive Single-Subject Design

A detailed research approach focusing on the deep investigation and observation of a single subject over time to assess intervention effects.

AB Design

A basic experimental design involving a baseline (A) followed by a treatment or intervention phase (B) to measure change.

Time-Series Format

A sequence of data points collected or recorded at successive points in time, often used to analyze trends over time.