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According to Keynes, Changes in Business Confidence Are Often Responsible

question 145

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According to Keynes, changes in business confidence are often responsible for business cycles.


Definitions:

Average Normal Temperature

The typical core body temperature range considered normal for a healthy person, commonly around 98.6°F or 37°C.

Night

The period of darkness in each twenty-four hours; the time from sunset to sunrise.

Healthy

A state of complete physical, mental, and social well-being, not merely the absence of disease or infirmity.

Hypertension

A condition in which the blood pressure in the arteries is persistently elevated.

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