Use Sticky-Wage Theory to Explain Why an Increase in the Expected

question 166

Essay

Use sticky-wage theory to explain why an increase in the expected price level shifts the aggregate supply curve.

Identify the categorical quality of propositions and their negations.

Identify and understand compound propositions.

Understand the formulation of logical syllogisms involving disjunctive and categorical propositions.

Grasp the concept of assertion versus expression in propositions.

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Definitions:

Law of Effect

A psychological principle stating that responses followed by a satisfying effect become more likely to occur, while responses followed by a discomforting effect become less likely.

Thorndike

An American psychologist known for his work on learning theory and the law of effect, which suggested that behaviors followed by satisfying outcomes are likely to be repeated.

Stimulus

Any event or situation that evokes a response from an organism.

Systematic Desensitization

A behavioral therapy technique used to reduce phobic responses or anxiety through gradual exposure to the feared object or situation coupled with relaxation exercises.