In the CPI, Goods and Services Are Weighted According to

question 174

Multiple Choice

In the CPI, goods and services are weighted according to

• A)how long a market has existed for each good or service.
• B)the extent to which each good or service is regarded by the government as a necessity.
• C)how much consumers buy of each good or service.
• D)the number of firms that produce and sell each good or service.

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Definitions:

Conditioned Response

A learned reaction to a specific stimulus as a result of consistent pairing with another stimulus.

Systematic Desensitization

A behavioral therapy technique used to reduce anxiety or fear through gradual exposure to the feared object or situation paired with relaxation exercises.

Relaxation Training

Techniques designed to teach individuals how to reduce stress and tension in the body, promoting a state of calm.

Feared Objects

Items or entities that invoke a strong irrational fear or phobia in individuals.