Which of the Following Is the Correct Definition of Inflation

question 82

Multiple Choice

Which of the following is the correct definition of inflation?

• A)the rise in the rate of unemployment due to a slowing economy
• B)the rise in the amount of goods and services that can be purchased for a specific amount of money
• C)an increase in the general level of prices of products in an economy over a period of time
• D)a decline in consumer confidence about the overall state of the economy and their own personal finances
• E)a decline in gross domestic product for two or more consecutive quarters

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Definitions:

Negative Reinforcement

A type of operant conditioning that involves the removal of an unpleasant stimulus to increase the likelihood of a desired behavior.

Conditional Punishment

Rendering a consequence that reduces the likelihood of a behavior occurring in the future by associating it with an aversive outcome.

Primary Reinforcement

A naturally reinforcing stimulus, such as food or water, which fulfills a biological need.

Secondary Reinforcement

A process in behaviorism where a stimulus reinforces a behavior after it has been associated with a primary reinforcer, often taking the form of social approval, tokens, or money.