The Cost of the CPI Basket in Base-Period Prices Is

question 101

Multiple Choice

The cost of the CPI basket in base-period prices is $200 and the cost of the CPI basket in current-period prices is $450. The CPI in the current year is

• A)450.
• B)225.
• C)300.
• D)250.
• E)44.44.

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Definitions:

Fixed Reinforcement

A type of reinforcement schedule where rewards are delivered at consistent and predictable intervals or ratios.

Reinforcement Schedule

Giving out rewards for good behavior at certain intervals.

Fixed-Ratio Reinforcement

A schedule of reinforcement where a response is rewarded only after a specified number of responses, promoting a high and stable response rate.

Variable-Ratio Reinforcement

A reinforcement schedule where a response is rewarded after an unpredictable number of responses, typically used to encourage repetitive behavior.