Decide Whether the Statement Makes Sense

question 165

Essay

Decide whether the statement makes sense. Explain your reasoning.
-By 2040 projected Social Security payments will be about $900 billion more than collections
from Social Security taxes. The government will then need to redeem $900 billion in IOUs
from the Social Security trust fund. However, it should be fairly easy for the government
to find the $900 billion by cutting discretionary spending.

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Definitions:

Encoding Failure

The inability to transfer information from short-term memory to long-term memory, leading to forgetting.

Proactive Interference

The phenomenon where old memories hinder the recall of newly learned information.

Retroactive Interference

A phenomenon in which newer memories impair the retrieval of older memories stored previously.

Memory Construction

The process of forming and integrating new memories, which involves encoding, storage, and retrieval.