Which of the Following Students Provides the Best Overview of the Current

question 32

Multiple Choice

Which of the following students provides the best overview of the current status of the Atkinson-Shiffrin model?

• A) Flora: "It lost popularity after Miller's article on the 'magical number seven' failed to support the concept of short-term memory."
• B) Nicola: "This model continues to be important because recent research clearly supports the distinction between short-term memory and long-term memory."
• C) Bruce: "The research has not clearly demonstrated that short-term memory is different from long-term memory."
• D) Miguel: "The model now plays a major role in the parallel distributed processing (PDP) approach."

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Definitions:

Discretionary Policy

Economic policies based on ad hoc decisions by the government or monetary authorities to influence the economy, such as changes in spending or taxation.

Inflationary Expectations

The anticipation by consumers and businesses of future inflation, which can influence economic behavior such as spending, saving, and investment.

Potential GDP

The maximum output an economy can produce without triggering inflation, if all resources are fully employed.

Active Approach

A strategy in investment or management that involves ongoing, dynamic decision-making and actions in order to achieve specific objectives.