Other Things the Same,if the Price Level Rises by 2

question 67

Multiple Choice

Other things the same,if the price level rises by 2% and people were expecting it to rise by 5%,then some firms have

• A)higher than desired prices,which increases their sales.
• B)higher than desired prices,which depresses their sales.
• C)lower than desired prices,which increases their sales.
• D)lower than desired prices,which depresses their sales.

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Definitions:

Unconditioned Stimulus

In classical conditioning, it is any stimulus that can naturally and automatically trigger a response without prior learning.

Conditioned Response

A learned reaction to a conditioned stimulus that occurs because of previous conditioning, often discussed in the context of classical conditioning.

Conditioned Response

A learned response to a previously neutral stimulus that, after association with an unconditioned stimulus, elicits a reaction.

Unconditioned Response

An automatic, natural reaction to a stimulus that occurs without prior conditioning or learning.