The Equation C = 35

question 121

Multiple Choice

The equation C = 35 + .75Y, where C is consumption and Y is disposable income, tells us that:

• A)households will consume three-fourths of whatever level of disposable income they receive.
• B)households will consume $35 if their disposable income is zero and will consume three-fourths of any increase in disposable income they receive.
• C)there is an inverse relationship between disposable income and consumption.
• D)households will save $35 if their disposable income is zero and will consume three-fourths of any increase in disposable income they receive.

Learn methods to measure explicit and implicit memory and understand their differences.

Assess memory enhancement techniques such as hierarchies, chunking, mnemonics, and imagery.

Differentiate between neural network models and associative network models of memory.

Understand the role and influence of schemas in memory encoding and their relation to expert knowledge.

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Definitions:

Basic Necessities

Fundamental requirements for human survival and well-being, such as food, water, shelter, and clothing.

Majority Culture

The dominant cultural practices, values, and beliefs of the majority group within a society or geographic region.

Blue Eye-brown Eye

An experiment designed to teach children about prejudice by dividing them based on eye color, highlighting discrimination and social bias.

Jane Elliott

An American schoolteacher known for her "blue eyes/brown eyes" exercise, designed to teach students about racial prejudice following the assassination of Martin Luther King Jr.