Potential Output Is the Level of Aggregate Output That Can

question 209

Multiple Choice

Potential output is the level of aggregate output that can be sustained in the long run without

• A) unemployment.
• B) government regulation.
• C) taxes.
• D) inflation.

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Definitions:

Negative Reinforcement

A concept in behaviorism where a response or behavior is strengthened by stopping, removing, or avoiding a negative outcome or aversive stimulus.

Positive Reinforcement

A technique in behavioral psychology that involves rewarding desirable behaviors to increase their occurrence.

Punishment

constitutes the imposition of a negative consequence or the removal of a positive stimulus in response to undesired behavior, with the aim of reducing that behavior.

Vicarious Learning

Vicarious learning is the process of learning by observing the actions, consequences, and behaviors of others, rather than through direct experience.