The Aggregate Demand Curve

question 271

Multiple Choice

The aggregate demand curve

• A) is like individual demand curves in that prices of other goods are held constant.
• B) is like individual demand curves in that income is constant.
• C) differs from individual demand curves in that the aggregate demand curve is not downward sloping.
• D) differs from individual demand curves in that the aggregate demand curve looks at the entire circular flow of income and product while the individual demand curve looks at only one good.

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Definitions:

Modeling Effect

Learning a new behavior from a model through the acquisition of new responses.

Disinhibitory Effect

Describes the phenomenon where observing a model being rewarded for a prohibited or inhibited behavior increases the likelihood of the observer engaging in that behavior.

Classical Conditioning

A habituation procedure where two stimuli are paired frequently, and a reaction that initially occurs because of the second stimulus subsequently occurs due to the first stimulus exclusively.

Cognitive Map

A mental representation of one’s physical environment, facilitating navigation and understanding of spatial relationships.