The Lowest Point at Which a Person Can Detect a Stimulus

question 51

Multiple Choice

The lowest point at which a person can detect a stimulus 50 percent of the time it is presented is called the __________ threshold.

• A) absolute
• B) difference
• C) range
• D) noticeable

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Definitions:

Government Spending

Expenditures made by the government for its operational needs and to provide public services.

Money Supply

The total amount of monetary assets available in an economy at any specified time.

Government Budget Deficit

The financial situation that occurs when a government's expenditures exceed its revenues.

Demand for Funds

The desire of businesses, governments, and individuals to borrow money to fund investment projects, operations, or consumption.