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What Is a Liquidity Trap, and What Happens If It

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What is a liquidity trap, and what happens if it occurs?


Definitions:

Alter-egos

Refers to alternate identities, personas or characters that a person may assume or exhibit, often showing different aspects of their personality or used in different contexts.

Social Compasses

Metaphorical tools or frameworks used to navigate and understand complex social landscapes and cultural norms.

Lifelong Process

An ongoing or continuous development, learning, or growth that persists throughout an individual's entire life.

Socialization

The process by which individuals learn and internalize the norms, values, behaviors, and social skills appropriate to their society.

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