Examlex
_____ argued that people react to the world as they see it and not as how it is.This idea is central to the _____.
Precautionary Motive
A rationale for holding money or liquid assets to guard against future uncertainties and potential emergencies.
Recession
A significant decline in economic activity spread across the economy, lasting more than a few months, typically visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.
Cash
Physical currency such as coins and banknotes or the equivalent in bank balances that can be immediately accessible.
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