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Monetarism Is a School of Thought Put Forth by ________,Who

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Monetarism is a school of thought put forth by ________,who argued that the economy would most likely be at potential GDP.

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Definitions:

Escape Response

A behavioral reaction aimed at moving away from an unpleasant or harmful stimulus, often considered a basic survival instinct.

Vicarious Reinforcement

A form of learning that occurs by observing the rewards and punishments of another's behavior, leading to changes in the observer's own behavior.

Negative Reinforcement

A process in conditioning where the removal of an unfavorable outcome or stimulus strengthens the behavior that preceded it.

Aversive Event

An unpleasant or harmful event or stimulus that is often used as a deterrent in behavior modification techniques.

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