Observations of Inflation in the 1970s Prompted What Further Addition

question 2

Multiple Choice

Observations of inflation in the 1970s prompted what further addition to the Phillips curve?

• A)price shocks
• B)expected inflation
• C)personal consumption expenditures
• D)all of the above
• E)none of the above

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Definitions:

Positive Reinforcer

A stimulus that, when presented after a response, increases the likelihood of that response being repeated.

Negative Reinforcer

An unpleasant or aversive stimulus that, when removed or avoided following a behavior, increases the likelihood of that behavior being repeated.

Delicious Food

Food that is highly pleasing to the taste, often characterized by rich flavors and textures.

Operant Conditioning

A system of education that modifies the potency of an action by applying reinforcements or punitive measures.