Jill Has Been Buying Most of Her Clothes from a Store

question 61

Multiple Choice

Jill has been buying most of her clothes from a store that perpetually advertises 30% off. She has come to expect it, and no longer pays attention to the discount. This is an example of:

• A) attrition
• B) avoidance
• C) accessibility
• D) autoresponse
• E) adaptation

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Definitions:

Price Level

An index that measures the average price of goods and services across the economy at a given time, indicating the cost of living or inflation rate.

Money Supply

The full scope of monetary resources present in an economy at a certain period.

Price Level

The average of current prices across the entire spectrum of goods and services produced in the economy, indicating the cost of living or inflation rate.

Money Market

A segment of the financial market where short-term financial assets with high liquidity are traded.