Examlex
The process in which a neutral stimulus becomes a conditioned stimulus after being paired with an already established conditioned stimulus is called:
Supply of Savings
The total amount of savings that individuals and institutions are willing to provide at different interest rate levels.
Interest Rates
Interest rates refer to the cost borrowing money, usually expressed as a percentage of the amount borrowed per annum.
Classical Macroeconomic Model
An economic model that emphasizes the role of market forces and flexible price adjustments in achieving full employment and equilibrium in the economy.
Flexible Wages and Prices
An economic condition where salaries and costs can easily adjust in response to supply and demand.
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