Three Basic Measures of Memory Retention Are

question 45

Multiple Choice

Three basic measures of memory retention are

• A) priming, chunking, and rehearsing.
• B) encoding, storage, and retrieval.
• C) recall, recognition, and relearning.
• D) sensory memory, short-term memory, and long-term memory.

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Definitions:

Equalibrium Quantity

The quantity of goods or services that is supplied and demanded at the equilibrium price, where the quantity supplied equals the quantity demanded.

Binding Price Ceiling

A government-imposed price limit that is set below the equilibrium price, causing a shortage of the product because demand exceeds supply.

Binding Price Floor

A government-imposed price control or limit that sets the lowest price at which a good can be sold, which is above the market equilibrium price, leading to excess supply.

Persistent Surplus

A situation where the supply of a good consistently exceeds the demand for it, often leading to a drop in prices.