Examlex
What factors shift the short-run aggregate supply (SAS)curve? Explain the impact of changes in each factor on the SAS curve.
Status Quo Bias
A cognitive bias that leads individuals to prefer things to stay the same by resisting change or new alternatives.
Behavioral Economics
A field of economic research that examines how psychological, cognitive, emotional, cultural, and social factors affect economic decisions made by individuals and institutions.
Decision Making
The cognitive process of selecting a course of action among multiple alternatives.
Goods And Services
Products and activities that fulfill the wants and needs of consumers, with goods being tangible objects and services being intangible activities.
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