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FIGURE 23-5 Refer to Figure 23-5.Suppose that an increase in government purchases caused the AD curve to shift to the right,as shown.If the simple multiplier in this model is 4,then what is the value of the multiplier?
Difference Thresholds
The minimum difference in stimulation that a person can detect 50 percent of the time, also known as the just noticeable difference (JND).
Absolute Thresholds
The minimum stimulus intensity required to be perceptible to the senses.
Sensory Adaptation
The process by which sensory receptors become less sensitive to constant stimuli over time, reducing our awareness of them.
Subliminal Persuasion
A method of influence that operates below the level of conscious awareness, where stimuli are used to affect an individual's thinking or behavior without them being aware of it.
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