Most Economists Agree That the Self-Correcting Mechanism Works

question 6

Multiple Choice

Most economists agree that the self-correcting mechanism works

• A)very slowly.
• B)very rapidly.
• C)rapidly in the short run and slowly in the long run.
• D)slowly in the short run and rapidly in the long run.

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Definitions:

Alfred Adler

An Austrian psychiatrist and psychotherapist who founded individual psychology and emphasized the importance of feelings of inferiority.

Striving for Superiority

A concept in psychology that refers to an individual's attempt to overcome perceived weaknesses and assert dominance or superiority.

Collective Unconscious

A concept proposed by Carl Jung, referring to the part of the unconscious mind that is derived from ancestral memory and experience, shared among all humans.

Main Motivation

The primary driving force or reason behind an individual's actions or behavior.