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If there is capital flight from Canada, how does the open-economy macroeconomic model change?
Social
Relating to society or its organization; the interaction between individuals or groups.
Emotional
Relating to feelings or the process of expressing feelings; a psychological state involving thoughts, physiological changes, and an outward expression.
Hindsight Bias
is the tendency to believe, after an event has occurred, that one would have predicted or expected the outcome.
Just-World Phenomenon
A cognitive bias that leads people to believe that the world is inherently fair, causing them to rationalize an unjust situation as deserved by the victim.
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