Examlex
Analysis of the Phillips curve reveals that a _____ in unemployment, like that of the early 1980s, is needed to break the cycle of inflationary expectations.
Belief Perseverance
The tendency to maintain one's beliefs even after they have been discredited or proven wrong.
Advice
Guidance or recommendations offered regarding prudent future action.
Avoid
To keep away from or stop oneself from doing something, often due to apprehension or danger.
Motivated Reasoning
The process by which individuals form and cling to beliefs even in the face of contrary evidence, often driven by emotional investments in those beliefs.
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