What Are the Various Individual Sources of Resistance to Change

question 108

Essay

What are the various individual sources of resistance to change?

Distinguish between sensory, short-term (working), and long-term memory.

Recognize the distinction between explicit (declarative) and implicit (nondeclarative) memories.

Describe the significance of automatic and effortful processing in memory formation.

Explain the original Atkinson-Shiffrin three-stage model of memory and its revisions.

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Definitions:

Households' Decision

The choices made by households regarding consumption, savings, and labor supply based on income, preferences, and economic conditions.

Save Less

Refers to a decrease in the amount of income that individuals or entities set aside as savings.

Demand-for-loanable-funds

The desire for borrowing money from available financial resources, influenced by the interest rate.

Investment Tax Credit

A tax credit offered to firms or individuals that invest in certain types of assets, aimed at encouraging investment.