The Tradeoff Between Inflation and Unemployment

question 28

Multiple Choice

The tradeoff between inflation and unemployment

• A)implies that policies designed to reduce unemployment also reduce inflation.
• B)was eliminated by improved economic policies in the 1900s.
• C)is a long-run tradeoff,persisting for decades,according to most economists.
• D)None of the above are correct.

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Definitions:

Positive Punishment

A decrease in behavior that results from an added consequence.

Negative Reinforcement

The strengthening of a behavior because a negative condition is removed or avoided.

Punishing Reinforcement

A term that amalgamates concepts incorrectly; in behaviorism, punishment is used to decrease a behavior's occurrence, whereas reinforcement is used to increase it.

Positive Punishment

A technique in behavior modification that involves the introduction of an unfavorable outcome or event following an undesirable behavior, with the intention of decreasing the likelihood of the behavior occurring again.