Examlex
In a classic study on misinformation (Loftus et al.,1978) ,participants first viewed a brief film of a car accident.Some participants were then asked how fast the cars were going when they "hit" each other; other participants were then asked how fast the cars were going when they "smashed" into each other.Finally,all participants were asked if they saw broken glass in the film.What were the results of the study?
Multiplier
In economics, a factor that quantifies the impact of an initial change in spending, income, or investment on the broader economy, amplifying the initial effect.
Inflationary Gap
A macroeconomic term referring to the situation where the demand for goods exceeds the supply, leading to increased prices or inflation.
Inflationary Gap
A situation where aggregate demand in an economy exceeds aggregate supply at the full employment level, leading to inflation.
Equilibrium GDP
The level of real GDP at which the total quantity of goods and services produced equals the total quantity of goods and services purchased.
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