Examlex
The value of the foreign trade multiplier equals the reciprocal of the sum of the marginal propensities to:
Recognition Heuristic
A cognitive shortcut that involves making a decision based on the recognition of familiar names or entities instead of considering detailed information.
Recognition Heuristic
A cognitive shortcut where individuals give greater importance to options that they recognize over those they do not.
Behavioral Economics
A field of economic research that examines the psychological and emotional factors affecting people's economic decisions and actions.
Neoclassical Economics
A branch of economics focusing on the determination of goods, outputs, and income distributions through supply and demand as mediated by prices.
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