Examlex
The tendency to recall items at the beginning of a list is known as the ___________ effect, and the tendency to recall of items at the end of a list is known as the ___________ effect.
Real Balances Effect
The impact of changing prices on the purchasing power of individuals' money holdings, influencing consumption and savings decisions.
Foreign Purchases Effect
The decrease in domestic demand for goods and services as a result of consumers buying goods from foreign markets, usually due to price or currency exchange advantages.
Interest Rate Effect
The interest rate effect describes how changes in the central bank's interest rate influence the economy by affecting consumer spending and investment.
Entropy Effect
In thermodynamics, it refers to the measure of disorder or randomness in a system; metaphorically used in various fields to describe chaos or decline.
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