Explain How Selective Attention Can Be Good or Bad in a Situation

question 61

Essay

Explain how selective attention can be good or bad in a situation such as witnessing a robbery.

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Definitions:

Output

The amount of goods or services produced by a firm, industry, or economy over a given period.

Sacrifice Ratio

A measure of the economic cost of reducing inflation, calculated as the percentage of annual output lost per one percentage point reduction in inflation.

Inflation

A general increase in prices and fall in the purchasing value of money.

Output

The total amount of goods or services produced by a company or economy in a certain period.