Suppose that when you hear a new acquaintance's name, chris money, you think about the meaning of the name money, including both coins and dollar bills, and the importance of money in our culture. the kind of processing you would be using is called

Elaborative Processing

Explanation:Elaborative Processing is how we cognitively process information by integration of the new information with the last information, so we try to make links between what we already know with what we just learned . This means we take time to analyse and then encode the information to store in our memory.

Thinking of the meaning money means you linking or associating what you already know with what you just learned

levels of production can be increased by technology while holding labor and capital constant, because increased technology makes the production process more efficient. subsequently, the lras curve is almost a vertical line, that can shift to the right, with an increase in technology.

the relationship between the lras curve and the ppc is that both can make the economy could grow. the ppc achieves that when it shifts outward because of more resources or technological advances while the lras curve shifts if more resources are developed or if there are technological advances.

the lras curve is a vertical line at an output level that represents the number of goods and services a nation can produce over a sustained period using all of its productive resources as efficiently as possible with all of the current technology available to it.

the production possibilities frontier (ppf) is a graphical device that is used for economic analysis of production decisions because the ppf measures the maximum possible combinations of two goods that an economy is capable of producing with its currently available resources and technology.