Examlex
If banks receive a greater amount of reserves and do not hold all of these reserves as excess reserves,the money supply expands.
Information Processing
The method by which humans or computers take in information, make sense of it, and then respond to it.
Connectionist
relates to a psychological theory which suggests that mental phenomena and processes can be described by artificial neural networks or interconnected systems of simple units.
Traditional Information Processing
Traditional Information Processing views the human mind as a system that processes information through a series of steps, similar to how a computer operates.
Serial Processing
A cognitive process where the brain analyses information in a linear, step-by-step manner, allowing for detailed and accurate analysis of each item in sequence.
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