The Aggregate Demand Curve Shifts to the Left When There

question 69

Multiple Choice

The aggregate demand curve shifts to the left when there is ________.

• A)autonomous tightening of monetary policy
• B)an increase in the nominal interest rate
• C)an increase in inflation
• D)all of the above
• E)none of the above

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Definitions:

Reinforcement

In operant conditioning, any event that strengthens the behavior it follows.

Successive Approximations

A method of shaping behavior by rewarding actions that are progressively closer to the desired behavior.

Shaping

The process of reinforcing closer and closer approximations to a desired behavior in order to teach a new behavior.

Operant Conditioning

is a method of learning that employs rewards and punishments for behavior.