Examlex
Suppose policy makers pass a budget that results in a reduction in the budget deficit.Also assume that this fiscal policy action results in an increase in the saving rate.To what extent will this increase in the saving rate cause permanent changes in the rate of growth of output per worker? Explain.
Milgram's Study
A series of social psychology experiments conducted by Stanley Milgram, demonstrating people's willingness to obey authority figures, even when it involves harming others.
Obedience
A form of social influence where an individual follows the directives of an authority figure or a set of rules.
Authority Figure
An individual who holds a position of power or influence, often responsible for making decisions and guiding others.
Ethical Standards
Principles that guide behaviors and practices to distinguish between right and wrong, often used in professional and research contexts.
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