Which Term Refers to the Process by Which Information Is

question 30

Multiple Choice

Which term refers to the process by which information is initially recorded,stored,and retrieved?

• A)encoding
• B)automatization
• C)categorization
• D)memory

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Definitions:

Actual Price Level

The current cost of goods and services in an economy, affecting purchasing power and inflation rates.

Velocity

The rate at which money circulates or is exchanged in an economy, influencing inflation and economic activity.

Money Supply

The total amount of money available in an economy, including cash, deposits, and other forms of liquidity.

Real Output

The production of goods and services valued at constant prices, thus removing the effect of inflation.