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The Stock Market Boom of 2010
Imagine that in 2010 the economy is in long-run equilibrium. Then stock prices rise more than expected and stay high for some time.
-Refer to Stock Market Boom 2010.Which curve shifts and in which direction?
Stanley Milgram
A psychologist known for his work on obedience to authority, demonstrating that people are willing to obey authority figures even when it involves harming others.
Conformity
The act of matching attitudes, beliefs, and behaviors to group norms, pressures, or expectations.
Learned Helplessness
A condition in which a person suffers from a sense of powerlessness, arising from a traumatic event or persistent failure to succeed.
Contradictory Opinion
A viewpoint that explicitly opposes or differs significantly from another, often leading to debate or discussion.
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