If the Price Index in Period 2 Is 109 and the Price

question 239

Multiple Choice

If the price index in period 2 is 109 and the price index in period 3 is 125, the rate of inflation between period 2 and period 3 is

• A) 16.0%.
• B) 14.7%.
• C) 9.0%.
• D) 8.7%.

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Definitions:

Third-person Effect

A social psychological phenomenon where individuals tend to believe that others are more influenced by mass media messages or persuasive communications than they are themselves.

Fear-based Messages

Communications aimed at eliciting fear in order to influence behavior or attitudes towards a particular action or outcome.

Autokinetic Effect

A visual phenomenon where a stationary point of light in a dark room appears to move because of small, involuntary eye movements.

Convert Communicators

People perceived as credible sources because they are arguing against their own previously held attitudes and behaviors.