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Use the following to answer questions:
Figure: Fiscal Policy I
-(Figure: Fiscal Policy I) Look at the figure Fiscal Policy I. Suppose that this economy is in equilibrium at E2. If there is an increase in taxes_____ will shift to the _____, causing a(n) _____ in the price level and a(n) _____ in real GDP.
Inattentional Blindness
A psychological phenomenon where an individual fails to perceive an unexpected stimulus in plain sight due to their focus on a different task or aspect of their environment.
Change Blindness
A phenomenon where an observer does not notice a significant change in a visual scene, indicating limitations in attention and perception.
Change Blindness
A phenomenon where a person does not notice some significant change in the visual field, indicating limitations in attention and perception.
Inattentional Blindness
a psychological lack of attention that is not associated with any vision defects or deficits, where an individual fails to perceive an unexpected stimulus that is in plain sight.
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