Because Models Are Used to Explain Economic Behavior

question 2

Multiple Choice

Because models are used to explain economic behavior

• A) the assumptions must be complex while the models themselves are simple.
• B) models must be complex.
• C) models must be simple.
• D) models can be either simple or complex so long as it explains economic behavior.

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Definitions:

Interference

A phenomenon where previously learned information hinders the ability to learn new information, often explored within the context of memory research.

Mnemonic Device

A memory aid or strategy that makes information easier to remember.

Proactive Interference

The tendency for older or previously learned material to impede the recall of newer material.

Serial Reproduction

A method of studying memory where information is passed and reproduced through a chain of individuals.