If a Person Has Five Letters in His/her Name,then S/he

question 24

Multiple Choice

If a person has five letters in his/her name,then s/he is a Glirple.Angie now reasons that Fred cannot possibly be a Glirple.Angie has ______.

• A)made a correct inference according to modus ponens
• B)made a correct inference according to modus tollens
• C)committed the fallacy of denying the antecedent
• D)committed the fallacy of affirming the consequent

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Definitions:

Base Year

A reference year against which financial or economic data is compared, often used in index numbers and economic models.

Price Level

The general level of prices for goods and services in the economy at a given time.

Fixed-Weight Price Index

An economic measure that calculates price changes over time, holding the quantity of goods and services constant to avoid the effect of substitution.

Nominal Gross Domestic Product (GDP)

A rephrased term for Nominal GDP, referring to the market value of all final goods and services produced within a country in a year, unadjusted for inflation.