Examlex
Size constancy results from the brain's adjusting the perception of an object's size by combining information about the object's distance and its retinal image size.
Full Employment GDP
The output level of an economy when all available resources are employed efficiently, corresponding to a situation with no cyclical unemployment.
Classical Range
In economics, refers to the level of output where all resources are fully employed, and prices are flexible, historically associated with the Classical theory of economics.
Savings
Money that is set aside from disposable income or after personal expenses have been covered, often put into a deposit or an investment for future use.
Wealth Effect
The change in spending and consumption patterns caused by changes in perceived wealth.
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