Based on the Phillips Curve, Unexpected Movements in Inflation Are

question 38

Multiple Choice

Based on the Phillips curve, unexpected movements in inflation are related to ______, and based on the short-run aggregate supply curve, unexpected movements in the price level are related to ______.

• A) sticky wages; sticky prices
• B) sticky prices; sticky wages
• C) output; unemployment
• D) unemployment; output

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Definitions:

UCR

Unconditioned response, a natural and automatic reaction to an unconditioned stimulus without prior learning or conditioning.

CS

Short for Conditioned Stimulus, it is a term used in classical conditioning to denote a previously neutral stimulus that, after becoming associated with the unconditioned stimulus, eventually triggers a conditioned response.

Reinforced Schedule

A concept in operant conditioning that outlines how often a behavior is reinforced, influencing the frequency and predictability of the behavior.

Schedules of Reinforcement

The rules that determine how and when certain responses will be reinforced in operant conditioning.