Inflation Is a Measure of the ________ of Prices; the CPI

question 147

Multiple Choice

Inflation is a measure of the ________ of prices; the CPI is a measure of the ________ of prices.

• A)current level; rate of change in the level
• B)rate of change in the level; current level
• C)index; base year's level
• D)base year's level; index

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Definitions:

Classical Conditioning

A learning process in which two stimuli are continuously coupled; the response, initially precipitated by the second stimulus, is ultimately precipitated by the first stimulus by itself.

UCS

An acronym for "Unconditioned Stimulus," a stimulus that naturally and automatically triggers a response without prior learning.

CS

Common shorthand for "conditioned stimulus," a term from classical conditioning in psychology that refers to a previously neutral stimulus that, after association with an unconditioned stimulus, comes to trigger a conditioned response.

UCR

Unconditioned Response, an automatic response to a stimulus that does not need to be learned.