When Colours Stay the Same in Sunlight or Shadows, We

question 222

Multiple Choice

When colours stay the same in sunlight or shadows, we call this

• A) colour constancy.
• B) an illusion.
• C) consistent colour coding.
• D) the night-and-day effect.

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Definitions:

Permanent Income

The average annual income an individual expects to earn over their lifetime.

Fiscal Policy

A government's strategy for managing its budget, including taxation and spending decisions, to influence the economy.

Aggregate Demand Curve

A graphical representation showing the overall demand for goods and services in an economy at various price levels.

Discretionary Fiscal Policy

Fiscal policy based on judgment by policymakers rather than set by predetermined rules, aiming to influence demand through changing government spending and taxation.