What Concept Refers to a Very Brief Memory System That

question 44

Multiple Choice

What concept refers to a very brief memory system that holds literal information for a fraction of a second to allow cognitive processing?

• A)sensory memory
• B)erstwhile memory
• C)autobiographical memory
• D)Von Restorff memory

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Definitions:

MPC

Marginal Propensity to Consume - the proportion of any additional income that is spent on consumption rather than being saved.

Consumption

The act of using goods and services for personal use, often considered in economic terms as an indicator of economic health.

Disposable Income

Fiscal space for households' spending and saving maneuvers after settling income taxes.

MPS

Marginal Propensity to Save, which measures the fraction of additional income that is saved rather than spent on consumption.