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Lanita blushes when she is embarrassed or ashamed.This behavior was most likely formed in childhood and would be classified by behaviorists as a
Rational Expectations Theory
The hypothesis that individuals form forecasts about the future based on all available information and past experiences, affecting their economic decisions.
Aggregate Supply
The total supply of goods and services that firms in an economy plan on selling during a specific time period.
Government Intervention
The direct or indirect involvement of governmental actions in the market to influence the economy, correct market failures, or protect the public interest.
John Maynard Keynes
A British economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments, emphasizing the importance of government intervention during economic downturns.
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