Table 5-6 Shows an Assistant Professor's Salary and the Respective

question 114

Multiple Choice

Table 5-6 shows an assistant professor's salary and the respective price indexes for the years 1967 and 1997. Use the table to answer questions .
Table 5-6

-Refer to Table 5-6. What has happened to an assistant professor's salary between 1967 and 1997?

• A) Although the nominal salary increased 4-fold in the 30-year period, real salary increased by only 3.2 times.
• B) The purchasing power of an assistant professor's salary has fallen by about 4.76%.
• C) The purchasing power of an assistant professor's salary has increased by about 5.24%.
• D) The real salary in 1997 is slightly higher than that in 1967.

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Definitions:

Cocktail Party Effect

The ability to focus one's attention on a single conversation in a noisy environment, ignoring other conversations.

Eyewitness Testimony

Evidence provided by individuals who were present during a specific event or crime, recounting their observations and recollections.

Misinformation Effect

An occurrence where an individual's ability to accurately remember specific events diminishes because of information encountered after the event.

Encoding

The initial process of transforming sensory input into a form or format that can be stored in memory.