The following question are based on the following diagram:
-In the market diagram,excess demand is best represented by triangle
Definitions:
Recency Effect
The tendency to remember the most recently presented information best in a series of items.
Interference
A phenomenon in which one memory competes with or replaces another memory, making it less likely to be recalled.
Short-term Storage
The part of the memory system that is responsible for temporarily holding information.
Working Memory
The part of short-term memory that is responsible for temporarily holding and processing information necessary for cognitive tasks.
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