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Loftus found that eyewitness reports are influenced by the words used to ask about the event. In one experiment, she found that use of the word "smashed" produced higher estimates of car speed than
Use of the word____________.
Economist Expectation
The forecasts or predictions about economic factors like inflation, growth, or interest rates made by economists.
Quantity Demanded
The specific amount of a good or service that consumers are willing and able to purchase at a particular price.
Economic Profits
Profits calculated by subtracting both the explicit and implicit costs from total revenues, representing the additional value created beyond all opportunity costs.
Diminishing Returns
A principle stating that if one factor of production is increased while others are held constant, the additional output will eventually decrease.
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