Solve the Problem. -How Long Will It Take for Prices in the Economy

question 217

Multiple Choice

Solve the problem.
-How long will it take for prices in the economy to double at a 9% annual inflation rate? (Round to the nearest year.)

• A) 8 yr
• B) 23 yr
• C) 13 yr
• D) 7 yr

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Definitions:

Systematic Desensitization

A behavioral therapy technique used to reduce phobic responses or anxiety by gradual exposure to the feared object or situation in conjunction with relaxation exercises.

Phobias

Intense, irrational fears of specific objects or situations that significantly affect a person's life.

Progressive Relaxation

A technique involving the tightening and then slowly relaxing of different muscle groups to achieve mental and physical relaxation.

Behavior Therapies

Psychological treatments that focus on changing undesirable behaviors through conditioning and reinforcement.