Use the Following to Answer Questions

question 309

Multiple Choice

Use the following to answer questions:
-(Figure: Crowding Out) Use Figure: Crowding Out. If the supply of loanable funds curve shifts to the right, the result will be a(n) _____ in the total amount of borrowing and a(n) _____ in the interest rate.

• A) increase; increase
• B) decrease; decrease
• C) increase; decrease
• D) decrease; increase

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Definitions:

Sensory Store

Part of the memory system where sensory information is temporarily stored before being processed.

Short-Term Memory

A type of memory that holds a small amount of information for a short period of time, usually 20-30 seconds.

Chunking

A memory strategy involving organizing or grouping separate pieces of information into a single unit, making it easier to remember.

Implicit Memory

A type of long-term memory that enables people to perform tasks without conscious awareness of the previous experiences influencing those actions.