Shaquin Finished His Term Paper and Handed It In

question 104

Multiple Choice

Shaquin finished his term paper and handed it in. As he walked out of the classroom, he realized that there were a few more things he should have included in the paper. Shaquin's problem is the ________ component of memory.

• A) encoding
• B) storage
• C) retrieval
• D) retention
• E) metacognition

---

Definitions:

Inflation Rate

The rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling.

Central Bank

An institution that manages a country's currency, money supply, and interest rates. Central banks also oversee the commercial banking system of their respective countries.

Sacrifice Ratio

The sacrifice ratio measures the cost of reducing inflation in terms of the percentage of GDP lost per each percentage point decrease in inflation.

Volcker Disinflation

A period during the early 1980s when the Federal Reserve, led by Chairman Paul Volcker, raised interest rates to historically high levels in order to combat high inflation.