Examlex
Suppose that changes in aggregate demand tended to be infrequent and that it takes a long time for the economy to return to long-run output. How would this affect the arguments of those who oppose using policy to stabilize output?
Framing
The way in which information is presented to influence perceptions, decisions, and judgments; often used in contexts of communication and psychology.
Nudge
A framing of choices by which governments and companies can, without coercion or altered incentives, encourage people to make choices that support their health, retirement savings, and well-being.
Choices
The act of selecting between two or more possibilities when faced with a decision.
Belief Perseverance
The phenomenon wherein individuals maintain their beliefs even in the face of contradictory evidence.
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