If Housing Prices Increase by 25% and the Price of All

question 17

Multiple Choice

If housing prices increase by 25% and the price of all other goods decreases by 22%,then:

• A) the consumer price index (CPI) would definitely fall during the year in question because housing prices do not constitute the majority of the CPI.
• B) the CPI would definitely rise during the year in questions because housing prices do constitute the majority of the CPI.
• C) the CPI would rise by about 1.5% because housing constitutes about half of the market basket in the CPI.
• D) because housing spending is considered investment, the producer price index (PPI) but not the CPI would be the only price index affected by the change.
• E) the CPI would only be affected in a small way because it includes about 8,000 goods and housing is only one of the 8,000.

Understand the reliability, validity, and criticisms of DSM-5.

Recognize changes and new inclusions in DSM-5 compared to earlier versions.

Differentiate between categorical, dimensional, and additional information for DSM-5 diagnoses.

Identify the significance and results of survey studies related to DSM diagnoses.

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Definitions:

Service Firms

Companies that provide intangible products, such as consulting, banking, and legal services, to their customers.

Generate Revenues

The process of bringing in money from sales of goods or services that a company offers to its customers.

Identifying Alternatives

The process of defining and evaluating different options or courses of action in decision-making.

Lean Business Model

A philosophy that emphasizes eliminating waste while delivering products or services that meet customer needs.