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The CPI equals 1.00 in year one and 1.15 in year two. If the nominal wage is $15 in year one and a contract calls for the wage to be indexed to the CPI, what will be the nominal wage in year two?
Pavlovian Conditioning
A learning process that involves associating a previously neutral stimulus with an unconditioned stimulus to elicit a conditioned response similar to the unconditioned response.
Conditioned Stimulus (CS)
A previously neutral stimulus that, after being repeatedly presented prior to an unconditioned stimulus, elicits a conditioned response.
Unconditioned Stimulus (UCS)
A stimulus that elicits a reaction automatically, without any pre-existing learning required.
Vicarious Conditioning
The development of the conditioned response to a stimulus after observation of the pairing of conditioned stimulus (CS) and unconditioned stimulus (UCS).
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