The Value of the Consumer Price Index Increased from 140

question 103

True/False

The value of the consumer price index increased from 140 to 147 during 2006. Nathan opened a bank account at the beginning of 2006, and at the end of 2006 his account balance was $12,840. The purchasing power of Nathan's account increased by 2 percent during the year. We can conclude that Nathan opened his account with a deposit of $11,500 at the beginning of 2006.

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Definitions:

Medial Prefrontal Cortex

A part of the frontal lobe of the brain involved in decision-making, social behavior, and personality expression.

Operant Conditioning

Form of learning in which behaviors lead to consequences that either reinforce or punish the organism, leading to an increased or a decreased probability of a future response.

Observational Learning

Learning that occurs when a person observes the rewards and punishments of another’s behavior and then behaves in accordance with the same rewards and punishments.

Social-cognitive Learning

A theory that posits learning occurs in a social context with a dynamic and reciprocal interaction of the person, environment, and behavior.