To Measure the "Core" Inflation Rate, the Bureau of Economic

question 53

Multiple Choice

To measure the "core" inflation rate, the Bureau of Economic Analysis uses a price measure that

• A)excludes food and energy prices because the prices of these items can be volatile.
• B)includes food and energy prices because the se items account for a significant portion of the typical consumer's expenditures.
• C)is made up of a fixed basket that includes durable goods, non-durable goods, and services.
• D)includes prices for different components of gross private domestic investment, government spending, and personal consumption expenditures.

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Definitions:

Reinforcers

Stimuli or events that increase the likelihood of the behavior that they follow, used in operant conditioning.

Law Of Effect

Thorndike’s principle that behaviors followed by favorable consequences become more likely, and that behaviors followed by unfavorable consequences become less likely.

Shaping

A behavioral psychology technique of progressively reinforcing behaviors that approximate or lead towards a desired goal behavior.

Conditioned Reinforcement

A process where a stimulus gains the capacity to reinforce desirable behaviors through its association with a primary reinforcer.