During the Time Period Represented in Figure 7

question 94

Multiple Choice

During the time period represented in Figure 7.3,the purchasing power of the average worker

• A)Increased because nominal wages increased.
• B)Decreased because real income decreased.
• C)Stay the same because COLAs probably kept purchasing power approximately constant.
• D)Decreased because nominal income decreaseD.The price level was actually rising faster than nominal wages over the same period,so real income would be lower.

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Definitions:

Flooding

A behavioral therapy technique used for treating phobias and anxiety disorders by exposing the patient to their anxiety source without any danger, in order to overcome their anxiety.

Exposed

Made visible or uncovered, potentially leading to harm, risk, or understanding.

Fear

An emotional response to a perceived threat, characterized by anxiety and a survival mechanism that signals danger and prepares an individual to react.

Flooding Session

A therapeutic technique used to treat phobias and anxiety disorders by exposing the patient to their fear object or context without any danger, in order to overcome the anxiety.