Just as the Aggregate-Demand Curve Slopes Downward Only in the Short

question 143

True/False

Just as the aggregate-demand curve slopes downward only in the short run, the trade-off between inflation and unemployment holds only in the long run.

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Definitions:

Conditioned Reinforcer

A stimulus that gains its reinforcing power through its association with a primary reinforcer, used to increase the likelihood of a desired response.

Primary Reinforcer

A stimulus that satisfies a basic biological need, such as food, water, or warmth, which inherently reinforces and promotes certain behaviors.

Operant Behavior

A concept in behavioral psychology referring to behavior that is controlled or influenced by its consequences, including rewards and punishments.

Primary Reinforcer

A stimulus that satisfies basic survival instincts such as food, water, and warmth, and doesn't require learning to become effective.