If the Price Index Last Year Was 100 and Today

question 112

Multiple Choice

If the price index last year was 100 and today it is 167,what is the inflation rate over this period?

• A)-67 percent
• B)-6.7 percent
• C)33 percent
• D)67 percent
• E)167 percent

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Definitions:

Observational Learning

Learning that occurs through observing the behavior of others and the outcomes of those behaviors.

Reinforcement

A concept in behaviorism that describes any stimulus which strengthens or increases the probability of a specific response.

Attention

Actively paying attention to a specific part of the environment, while omitting to notice other aspects.

Motor Reproduction

In the context of social learning theory, it refers to the physical ability to replicate the observed actions of a model.