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Fallacy Of Inductive Reasoning
The fallacy of inductive reasoning occurs when a general conclusion is drawn from a limited set of specific observations, potentially leading to erroneous or unfounded claims.
Post Hoc, Ergo Propter Hoc
A logical fallacy where it is assumed that if one event follows another, the first event caused the second.
Stability
A condition in which national output is growing steadily, with low inflation and full employment of resources.
Post Hoc, Ergo Propter Hoc
A logical fallacy that suggests a causal relationship because one event followed another in time, even though no causal connection exists.
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