Question 1
With temporal duration the material held in the STM is relatively short-lived. Baddely and Hitch (1974) suggested that information may survive in the phonological loop for two seconds. Atkinson & Shiffrin (1968) believed it may last a little longer, although only a matter of a few seconds.
Many psychologists believe that memories in the LTM are permanent, and the work of Penfield (1969), and studies of memories recovered through hypnosis would appear to support this idea. However this evidence was shown to be unreliable when examined more critically. Even so it is apparent that LTM is durable and that some memories last a lifetime.
With storage capacity Miller (1956) proposed that STM was capable of storing 7 plus or minus 2 items or chunks of information at a time.
Baddely and Hitch (1974) suggested that the Phonological Loop is capable of holding the amount of material that can be remembered within a two second time span: that capacity is time limited, rather than space limited as suggested by Miller.The capacity of LTM is generally considered to be infinite.
With the forgetting mechanism Broadbent (1958) suggested that trace decay was the primary cause of forgetting from the STM. Atkinson & Shiffrin (1968) although recognize the role of trace decay in forgetting, suggested that, due to the limited capacity of the STM, displacement was also an important factor.
Keppel and Underwood (1962) found that interference may have an affect on forgetting from the STM. However it is generally accepted that trace decay and displacement are the most important explanations of STM forgetting. With LTM the interference theory centers around the notion that forgetting occurs when existing memory is disrupted by newly learned information, or when the learning of new material is interfered with by material pre-existing in memory. However, the dominant approach to forgetting from LTM is 'Cue Dependant' forgetting. This assumes that memories are rendered inaccessible due to the lack of appropriate cues.