The Price of a Litre of Gasoline Was $0

question 82

Multiple Choice

The price of a litre of gasoline was $0.12 in 1972,when the consumer price index (CPI) was 21.9.The cost of a litre of gasoline was $0.50 in 2000,when the CPI was 95.4.Between 1972 and 2000,the real cost of a litre of gasoline

• A) increased.
• B) decreased.
• C) remained constant.
• D) may have either increased or decreased.
• E) cannot be determined.

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Definitions:

Automatic Activation

According to Fazio, attitudes that have a strong evaluative link to situational cues are more likely to automatically come to mind from memory.

Moderator Variable

A variable that qualifies an otherwise simple hypothesis with a view to improving its predictive power (e.g., A causes B, but only when C (the moderator) is present).

Improve Prediction

Enhancing the accuracy or effectiveness of forecasting future events or outcomes based on current data or trends.

Simple Hypothesis

A hypothesis stating a direct relationship between two variables, with one variable affecting the other in a straightforward manner.