Related to the Economics in Practice on P

question 28

Multiple Choice

Related to the Economics in Practice on p. 221: In January 2014, a new Chair of the Board of Governors of the Federal Reserve System was confirmed. This person is

• A) the first Democrat to serve in this position.
• B) the first woman to serve in this position.
• C) the first person to serve in this position who had never previously been employed in the Federal Reserve System.
• D) all of the above

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Definitions:

Forgetting Curve

The graphic pattern representing the relationship between measures of learning and the length of the retention interval: As the retention interval gets longer, memory decreases.

Unrelated Verbal Material

relates to words or phrases that have no direct connection or relevance to each other, often used in memory or cognitive processing studies.

Encoding Specificity

The principle that memories incorporate unique combinations of information when encoded, making recall more effective when context at the time of retrieval matches the context of encoding.

Habituation

A psychological learning process wherein there is a decrease in response to a stimulus after being repeatedly exposed to it.