Examlex
Memory errors in long-term memory tend to be __________ and tend to be __________ for short-term memory.
Behavioral Assumptions
Refer to the underlying presumptions about how individuals and institutions will behave or make decisions in economic models or theories.
Form Hypothesis
The process of developing a proposed explanation for a phenomenon, made as a starting point for further investigation.
Circular-Flow Model
A diagram that traces the flow of resources, products, income, and revenue among economic decision makers.
Households
Individuals or groups of people living together as a single unit, making economic decisions regarding consumption, savings, and labor supply.
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