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According to Friedman's theory, how would money demand change during the stock market bubble and collapse?
Fundamental Attribution Error
A common bias in social psychology where people tend to overemphasize personality traits and underestimate situational factors when explaining others' behaviors.
Confirmation Bias
The habit of scouting for, construing, preferring, and recalling insights in a manner that upholds one's antecedent beliefs or guesses.
Stereotype
Overgeneralized and oversimplified beliefs about a group of people based on their membership in that group.
Confirmation Bias
The propensity to explore, interpret, select, and revive information in ways that strengthen one's existing convictions or hypotheses.
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