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The Relative Price of a Good Is Greater Than the Money

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The relative price of a good is greater than the money price of a good.


Definitions:

Bartlett

Refers to Frederic Bartlett, a British psychologist known for his work on memory and cognitive psychology, emphasizing how people reconstruct the past.

Loftus

A cognitive psychologist known for her work on the malleability of human memory and the misinformation effect.

Misinformation Effect

The phenomenon in which a person's recall of episodic memories becomes less accurate due to post-event information.

State-dependent Memory

The phenomenon that information learned in a particular state of consciousness is more easily recalled when in that same state of consciousness.

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