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Why do supply curves tend to be more elastic over time?
Relearning
The process of learning material or skills that were once learned and then forgotten.
Retention
The ability to store and recall information or experiences over time.
Recency Effect
A cognitive bias that predisposes individuals to remember the most recently presented information better than information presented earlier.
Phi Phenomenon
An optical illusion wherein stationary objects shown in rapid succession, separated by short intervals, appear to be moving.
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