Examlex
The "what?" of a behavioral assessment focuses on:
Revealed Preference
An economic theory that determines preferences by observing consumer choices and behaviors rather than through direct inquiry.
Inflation Level
The speed at which average prices for products and services increase, leading to a decrease in buying power.
Base Year
A specific year against which economic growth or other financial figures are measured and compared.
Paasche Index
An index used to measure price level changes over time by comparing the current price of a basket of goods to its price in a base year, weighting the current period quantities.
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