Suppose a Price Index for a Certain Basket of Goods

question 34

Multiple Choice

Suppose a price index for a certain basket of goods and services has a value of 150 in 2018 and a value of 156 in 2019.This index suggests that the cost of the market basket of goods and services

• A)was 4% higher in 2019 than in 2018.
• B)was 6% lower in 2019 than in 2018.
• C)was 6% higher in 2019 than in 2018.
• D)was 156% higher in 2019 than in 2018.
• E)was approximately the same in 2019 and 2018.

---

Definitions:

Acetylcholine

Acetylcholine is a neurotransmitter involved in many functions including muscle contraction, arousal, memory, and attention.

Alzheimer Disease

A progressive neurodegenerative disorder characterized by cognitive decline, memory loss, and personality changes.

Habituation

Habituation is the process by which there is a decrease in response to a stimulus after being exposed to it repeatedly over time, indicating a form of learning or adaptation.

Sensitization

The process by which a response to a stimulus becomes amplified over time, leading to an increased reaction to a repeated or similar stimulus.