Examlex
Consider the AD/AS model and suppose the economy begins at potential output.The effect of a negative AS shock on real GDP will be reversed in the long run with a ________ shift in ________.
Law Of Small Numbers
A mental inclination that causes individuals to form wide-reaching conclusions based on limited data samples.
Gambler's Fallacy
The erroneous belief that if an event occurs more frequently than normal during a given period, it will happen less frequently in the future, or vice versa.
Midterms
Examinations given in the middle of an academic term to assess students' understanding of the course material up to that point.
Exceptionally Bright
Describing someone with superior intelligence, creativity, or ability, often significantly above the norm.
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