The Base Year in the Consumer Price Index (CPI) Is

question 8

Multiple Choice

The base year in the consumer price index (CPI) is:

• A) given a value of zero.
• B) a year chosen as a reference for prices in all other years.
• C) always the first year in the current decade.
• D) established by law.

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Definitions:

Conscious Intentions

Mental states or plans that are formed with awareness and purpose towards carrying out an action.

John B. Watson

An American psychologist who established the psychological school of behaviorism.

Behaviorists

Psychologists who focus on observable behaviors and the ways in which learning mechanisms affect behavior.

Unconditioned Response

An automatic, natural reaction to a stimulus that occurs without any need for prior learning.