To Reduce the Bias in the Consumer Price Index,the Bureau

question 91

Multiple Choice

To reduce the bias in the consumer price index,the Bureau of Labor Statistics

• A)updates the market basket every two years,rather than every 10 years.
• B)updates the market basket every 10 years,rather than every two years.
• C)incorporates substitutions by consumers when prices of specific products rise rapidly.
• D)incorporates substitutions by consumers when prices of specific products fall rapidly.

---

Definitions:

Behavioral Change

Modifications or transformations in human actions or reactions due to various factors such as learning, therapy, or life experiences.

Conditioned Reinforcer

A stimulus that gains its reinforcing power through its association with a primary reinforcer; often used in behavior modification and conditioning.

Operant Conditioning

A method of learning that employs rewards and punishments for behavior, which affects the likelihood of certain behaviors being repeated.

Classical Conditioning

The process of acquiring knowledge by forming associations between a stimulus present in the environment and one that naturally occurs.