Table 19-16 -Refer to Table 19-16

question 54

Multiple Choice

Table 19-16
$$\begin{array} { | l | r | r | } \hline & \mathbf { 2 0 1 5 } & \mathbf { 2 0 1 6 } \\\hline \text { Nominal GDP } & \$ 10,000 & \$ 12,000 \\\hline \text { Real GDP } & 9,500 & 10,500 \\\hline\end{array}$$
-Refer to Table 19-16.Given the information above,what can we say has happened in the economy from 2015 to 2016?

• A)The price level has fallen.
• B)The price level has risen.
• C)The price level has remained constant.
• D)Not enough information is available to determine what has happened to prices.

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Definitions:

Own Problems

The personal challenges or difficulties an individual faces, distinct and separate from those of others.

Counterconditioning

A behavior therapy technique where a negative or unwanted response to a stimulus is replaced with a positive one through conditioning.

Conditioned Stimulus

A previously neutral stimulus that, after association with an unconditioned stimulus, elicits a conditioned response.

Unconditioned Stimulus

A stimulus that naturally and automatically triggers a response without any need for learning.