Suppose You Must Memorize a Long List of Words That

question 90

Essay

Suppose you must memorize a long list of words that includes desk, pig, gold, dog, chair, silver, table, rooster, bed, copper, and horse. If you can recall the words in any order you wish, how are you likely to group these items in recall? Why?

---

Definitions:

APC

Average Propensity to Consume, which is the fraction of income that a person or population spends rather than saving.

APS

The Average Propensity to Save, which is the proportion of total income that is saved rather than spent on consumption.

APC

It stands for Average Propensity to Consume, indicating the fraction of income that is spent on consumption rather than savings.

APS

Average Propensity to Save, which is the fraction of income that is saved rather than spent on consumption, calculated as savings divided by disposable income.