The Consumer Price Index Implicitly Assumes That the Demand Curve

question 244

Multiple Choice

The consumer price index implicitly assumes that the demand curve for each good and service in the representative market basket is

• A)positively sloped.
• B)negatively sloped.
• C)vertical.
• D)horizontal.

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Definitions:

Behavior Modification

A therapeutic approach that seeks to change undesirable behaviors through the use of positive or negative reinforcement.

Counterconditioning

A behavior therapy technique that involves replacing an undesirable response to a stimulus with a more desirable one.

Higher-Order Conditioning

A process in classical conditioning by which a stimulus that's associated with a conditioned stimulus also becomes capable of eliciting a conditioned response.

Successive Approximations

A method used in behavior modification that rewards behaviors that progressively get closer to the desired behavior.