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Explain Some of the Underlying Assumptions of the Austrian School

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Essay

Explain some of the underlying assumptions of the Austrian School of economics?


Definitions:

Vivid

Describes memories or images that are strikingly clear and detailed, often so as to appear real or lifelike.

Memory Construction

The process of forming and organizing the memories of events or facts.

False Memories

A psychological phenomenon where a person recalls something that did not happen or recalls it differently from the way it actually happened.

Hypnotic Suggestion

A directive given to an individual during hypnosis intended to influence their thoughts, behaviors, or perceptions.

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