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Explain how familiarity can lead to memory errors.Describe experimental evidence to show how familiarity can lead to memory errors.Also, describe an eyewitness testimony example of this phenomenon.Finally, explain how familiarity can lead students to commit errors on a multiple choice exam.
Economic Theories
A set of principles that explain how economies function, including the distribution of resources, and the production and consumption of goods and services.
Abstractions
The process of extracting the underlying essence or general principles of a concept, situation, or phenomenon, often by neglecting concrete details.
Physical Sciences
Branches of science that study inanimate natural objects, including astronomy, chemistry, physics, and earth sciences.
Other-Things-Constant Assumption
The assumption, when focusing on the relation among key economic variables, that other variables remain unchanged; in Latin, ceteris paribus.
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