The Figure Given Below Shows the Macroeconomic Equilibrium of a Country

question 95

Multiple Choice

The figure given below shows the macroeconomic equilibrium of a country. Figure 10.7 Given a potential GDP level of $3, 000, the recessionary gap in Figure 10.7 equals _____.

• A)$3, 000
• B)$2, 500
• C)$1, 500
• D)$500
• E)$100

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Definitions:

Conditioning

A process of behavior modification by which a subject comes to associate a desired behavior with a previously unrelated stimulus.

B. F. Skinner

A pioneering psychologist and behaviorist known for his work on operant conditioning and behavior modification.

Trial and Error

A problem-solving method that involves trying multiple solutions and eliminating those that do not work to find one that does.

Mental Set

A psychological tendency to approach situations in a certain way due to past experiences and problem-solving patterns.