Although Henry's Watchband Felt Uncomfortable When He First Put It

question 77

Multiple Choice

Although Henry's watchband felt uncomfortable when he first put it on, a short while later he did not even notice it. This illustrates _____ in action.

• A) subliminal perception
• B) Stevens's power law
• C) Weber's law
• D) sensory adaptation

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Definitions:

Money Supply

The total amount of money available in an economy at a particular time, including cash, deposits, and other liquid assets.

Sacrifice Ratio

The number of percentage points of annual output lost in the process of reducing inflation by 1 percentage point.

Inflation

An increase in the overall level of prices in the economy

Output

The amount of goods or services produced by a firm, industry, or economy over a given period.