In the Keynesian Model in Which the Keynesian Short-Run Aggregate

question 124

Multiple Choice

In the Keynesian model in which the Keynesian short-run aggregate supply curve exists

• A) the short-run aggregate supply curve determines real GDP.
• B) the aggregate demand curve determines the price level.
• C) unemployment cannot persist for long periods of time.
• D) aggregate demand determines real GDP per year.

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Definitions:

Latent Learning

occurs without immediate reinforcement and is not immediately demonstrated through performance, becoming apparent only when there is motivation to demonstrate it.

Learning/Performance Distinction

The concept that learning and performance are different phenomena; learning refers to the acquisition of knowledge or skills, while performance is the demonstration of what has been learned.

Observational Learning

The process of acquiring knowledge, attitudes, or behaviors by watching and imitating the actions of others.

Motivated

Being motivated refers to having a drive or desire to act or accomplish something, often stemming from personal goals, needs, or incentives.