During the Mid and Last Part of the 1990's Both

question 79

Multiple Choice

During the mid and last part of the 1990's both inflation and unemployment were low.In general this could have been the result of

• A)adverse supply shocks that shifted the short-run Phillips curve left.
• B)adverse supply shocks that shifted the short-run Phillips curve right.
• C)favorable supply shocks that shifted the short-run Phillips curve left.
• D)favorable supply shocks that shifted the short-run Phillips curve right.

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Definitions:

Intermittent Reinforcement

A conditioning schedule in which a behavior is rewarded or punished at irregular intervals, making the response more resistant to extinction.

Socialization

The process by which individuals learn and adopt the norms, values, and behaviors appropriate to their society or social group.

Operant Conditioning

A learning process through which the strength of a behavior is modified by reward or punishment.

Habituation

Getting used to something in the environment and not responding as strongly anymore.