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Max, Age 35, Is Severely Depressed

question 277

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Max, age 35, is severely depressed. Because of this, he is given electroconvulsive therapy (ECT) . After treatment, he is sent home and does much better. However, his TV-watching behavior is strange. Max thinks that last year's episodes of his favorite series are new. Max is showing signs of __________.


Definitions:

Marginal Land

Land that produces little yield or economic value due to poor quality, location, or other factors, making it the least productive for agricultural use.

Rents

Payments made periodically by a tenant to a landlord in exchange for the use of land, a building, or other property.

Supply of Loanable Funds

The total amount of funds that lenders are willing to loan at a given interest rate in an economy.

Elastic

Describes a situation in economics where the quantity demanded or supplied of a good changes significantly in response to changes in its price.

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