What Is a Major Advantage of Processing Information Automatically

question 57

Multiple Choice

What is a major advantage of processing information automatically?

• A) Automatic processing is more easily remembered than controlled processing.
• B) Automatic processing is more easily modified than controlled processing.
• C) It is easier to learn how to process information automatically.
• D) We can use our cognitive resources for other more important matters.
• E) Automatic processing yields more accurate judgments than does controlled processing.

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Definitions:

Time Inconsistency

Refers to the situation where a decision-maker's preferences change over time, so that what is preferred at one point in time is inconsistent with what is preferred at another time.

Short-Run Phillips Curve

A graphical representation showing the inverse relationship between the rate of inflation and the rate of unemployment in the short term.

Long-Run Phillips Curve

A graphical representation in economics indicating that in the long run, there is no trade-off between inflation and unemployment, showing a vertical curve at the natural rate of unemployment.

Short-Run Phillips Curve

A concept in economics that shows an inverse relationship between unemployment and inflation in the short term.