Macroeconomics First Developed as a New Subfield of Economics

question 21

Multiple Choice

Macroeconomics first developed as a new subfield of economics

• A) when Adolph Hitler ordered economists to learn more about national economies.
• B) following the oil price increases of the 1970s.
• C) as a result of Adam Smith's publication of The Wealth of Nations in 1776.
• D) in response to the severe economic hardships of the Great Depression.
• E) when the Bank of Canada was established in 1921.

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Definitions:

Context-dependent Memory

The phenomenon where people are able to recall information better if they are in the same context or environment as they were when they learned the information.

Retrieval Cues

Stimuli that assist in the recall of information stored in long-term memory by providing a reminder or prompt.

Long-term Potentiation

Long-term potentiation is a long-lasting enhancement in signal transmission between neurons, believed to be a biological mechanism underlying learning and memory.

Implicit Memories

Memories that influence thoughts and behaviors without conscious awareness, such as skills and conditioned responses.