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The Basic Keynesian Model Is Built on the Key Assumption

question 47

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The basic Keynesian model is built on the key assumption that:


Definitions:

Self-serving Bias

A common cognitive bias that causes individuals to attribute their successes to internal factors and their failures to external factors.

Defensive Self-esteem

A form of self-esteem characterized by a fragile sense of self that can easily be threatened and may lead to defensive or aggressive reactions.

Low Self-efficacy

The belief in one's inability to execute behaviors necessary to produce specific performance attainments.

Self-serving Bias

The common habit of a person taking credit for positive events or outcomes but blaming outside factors for negative events.

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