Examlex
When the interest rate is above the equilibrium interest rate,there is an excess ________ money and the interest rate will ________.
Availability Bias
The tendency to overestimate the likelihood of events based on their availability in memory, often influenced by recent occurrences.
Confirmation Error
A cognitive bias that involves giving more attention and weight to information that confirms one's preexisting beliefs or hypotheses, while ignoring or undervaluing information that contradicts them.
Adjustment Bias
A cognitive bias affecting decision-making, where individuals depend too heavily on initial information or adjustments from a reference point.
Lack-of-participation Error
A mistake or oversight occurring when individuals or groups do not contribute or engage in a required or expected activity.
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