According to the Bank of Canada's Website,Canada's Consumer Price Index

question 44

Multiple Choice

According to the Bank of Canada's website,Canada's Consumer Price Index (CPI) in August 2012 was 121.8,August 2013 was 123.1,August 2014 was 125.7 and August 2015 was 127.3.Given this set of index numbers,what can we conclude about average prices in Canada between August 2012 and August 2015?

• A)average prices increased over this time period by 27.3%
• B)average prices decreased over this time period by 5.5%
• C)average prices decreased each year
• D)average prices increased over this time period by 5.5%
• E)average prices increased each year

---

Definitions:

Fixed-Ratio Schedule

A reinforcement strategy in operant conditioning where a response is rewarded only after a specified number of responses.

Reinforcement

In behavioral psychology, a process by which the likelihood of a behavior's occurrence is increased through the addition of a stimulus following that behavior.

Primary Reinforcer

An innately valuable stimulus, such as food or drink, that satisfies a biological need and reinforces behaviors without prior learning.

Aversive Stimulus

An unpleasant or noxious stimulus used to elicit a response or to condition a behavior through negative reinforcement or punishment.