If Expectations About the Future Don't Change at All, Then

question 29

Multiple Choice

If expectations about the future don't change at all, then an economic downturn will generally:

• A) decrease savings at a given interest rate and shift the supply curve for loanable funds to the left.
• B) increase savings at a given interest rate and shift the supply curve for loanable funds to the left.
• C) decrease savings at a given interest rate and shift the supply curve for loanable funds to the right.
• D) increase savings at a given interest rate and shift the supply curve for loanable funds to the right.

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Definitions:

Collins

Commonly refers to Allan Collins, a cognitive scientist known for his work in educational technology and the development of learning theories, including the Cognitive Apprenticeship model.

ACT

ACT stands for Acceptance and Commitment Therapy, a form of psychotherapy that encourages individuals to embrace their thoughts and feelings rather than fighting or feeling guilty for them.

Semantic Memory

A memory system proposed by Tulving that is thought to hold memories of general knowledge.

Procedural Memory

Procedural memory is a type of long-term memory responsible for knowing how to perform different actions and skills.