A Measure of the Average Price Level for GDP Is

question 112

Multiple Choice

A measure of the average price level for GDP is called the:

• A) aggregate price level.
• B) national price level.
• C) economy price level.
• D) total price level.

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Definitions:

Extinction

Within the realm of psychology, this refers to the slow diminishment and ultimate vanishing of a learned reaction when the previously associated stimulus is no longer linked with the natural stimulus.

Generalization

The process or result of making a statement or conclusion that applies to many instances from specific observations.

Extinction

In psychology, the gradual weakening and eventual disappearance of a learned response when it is no longer reinforced.

Classical Conditioning

A cognitive process where two stimuli are repeatedly linked together; the response, first elicited by the second stimulus, is finally elicited by the first stimulus.