Although a Novel Stimulus Attracts Attention,it

question 75

Multiple Choice

Although a novel stimulus attracts attention,it

• A) is not always better liked.
• B) is not as easily remembered.
• C) does not stand out from other stimuli.
• D) is more easily forgotten.
• E) is less easily encoded.

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Definitions:

Automatic Stabilizers

Automatic stabilizers are economic policies and programs, like unemployment insurance and progressive taxation, that automatically adjust to dampen economic fluctuations without additional government action.

Fair Tax

A proposed tax reform that suggests replacing current income and federal taxes with a single national sales tax to simplify the tax system.

GDP Growth

Refers to the increase in the value of all goods and services produced in a country over a specific period of time, indicating economic expansion.

Economic Stimulus

Government policy or monetary measures aimed at increasing economic activity, often through increased public spending or tax cuts.