Examlex
In the foreign exchange market, when the demand for the euro increases, the equilibrium U.S. dollar price of the euro _____ and the U.S. dollar _____.
Primacy Effect
The tendency to remember information at the beginning of a list better than information in the middle or at the end.
Halo Effect
A cognitive bias where an individual's overall impression of a person influences how they feel and think about that person's character.
Phi Phenomenon
A perceptual illusion in which stationary objects shown in rapid succession, such as lights flashing at certain speeds, appear to be moving.
Recency Effect
Recency effect is a memory phenomenon where individuals are more likely to recall the last items in a series better than those in the middle or the beginning.
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