In Attention Experiments, Cues That Correctly Predict the Location of the Target

question 63

Multiple Choice

In attention experiments, cues that correctly predict the location of the target are called ________, whereas cues that predict other locations are called ________.

• A)endogenous; exogenous
• B)benefits; costs
• C)valid; invalid
• D)overt; covert

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Definitions:

Crude Quantity Theory

A theoretical framework suggesting that changes in money supply have a direct, proportional effect on the price level in an economy.

V and Q

Symbols often used in equations and formulas, V typically represents volume and Q can represent quantity.

Discretionary Policies

Economic policies based on ad hoc decisions by government or policymakers rather than set by rules.

Rational Expectations

The economic theory that individuals make decisions based on their expectations of future economic conditions, which are formed by using all available information.