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Rational Decision Makers
Individuals or entities that make decisions by systematically considering all available information and maximizing their utility based on preferences.
Neoclassical Economists
Economists who focus on the determination of goods, outputs, and income distributions in markets through supply and demand.
Economic Behaviors
Actions, decisions, or habits of individuals, groups, or organizations that influence economic outcomes, such as spending, saving, and investing.
Systematic Errors
Errors in measurement or calculations that are consistently repeated and not due to chance variability, often affecting the accuracy of results.
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