If Mustard Now Costs $0

question 115

Multiple Choice

If mustard now costs $0.75 when today's price index is 225,and if the price index in 1970 was 38,we would most accurately say that

• A) mustard cost about $4.44 in 1970.
• B) if mustard cost $0.10 in 1970,it was relatively cheap as an inflation-adjusted price.
• C) mustard cost about $0.20 in 1970.
• D) mustard's price would never increase at the same rate as inflation because it is a food item.
• E) ketchup would cost about $0.13 in 1970 because it typically costs about the same as mustard.

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Definitions:

Electrical Signals

The transmission of information through the use of electrical impulses, commonly found in biological systems and electronic devices.

Cortex Development

The process of growth and maturation of the cerebral cortex, the brain's outer layer responsible for cognitive functions.

Neural Networks

Computing systems vaguely inspired by the biological neural networks of animal brains, designed to recognize patterns and solve problems.

Neurons

Specialized cells transmitting nerve impulses; the basic building blocks of the nervous system.