The Economy's Inflation Rate Is the

question 109

Multiple Choice

The economy's inflation rate is the

• A)price level in the current period.
• B)change in the price level from the previous period.
• C)change in the gross domestic product from the previous period.
• D)percentage change in the price level from the previous period.

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Definitions:

Primacy Effect

The tendency to remember information at the beginning of a list better than information that comes later.

Serial Position Effect

A cognitive phenomenon whereby items at the beginning and end of a list are more easily remembered than those in the middle.

Encoding Specificity Effect

The principle stating that the recall of information is higher if the cues present at the time of encoding are also present at the time of retrieval.

TOT Effect

Refers to the "Tip of the Tongue" phenomenon where a person cannot recall a specific word or term but has a partial recall or feels that the recall is imminent.