To Correct a Nominal Quantity for Changes in the Price

question 106

Multiple Choice

To correct a nominal quantity for changes in the price level, one should:

• A)add a price index to it.
• B)subtract a price index from it.
• C)divide it by a price index.
• D)multiply it by a price index.

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Definitions:

Classical Conditioning

An instructional process where pairing two stimuli repeatedly results in a response first prompted by the second stimulus, but eventually prompted by only the first stimulus.

Extinction

A process in which the conditioned response is weakened when the conditioned stimulus is repeated without the unconditioned stimulus.

Acquisition

The gradual formation of an association between conditioned and unconditioned stimuli.

Spontaneous Recovery

A process in which a previously extinguished response reemerges after the conditioned stimulus is presented again.