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Keynes Believed That Changes in Autonomous Spending Were Dominated by Unstable

question 53

Multiple Choice

Keynes believed that changes in autonomous spending were dominated by unstable fluctuations in ________,which are influenced by emotional waves of optimism and pessimism-factors he referred to as "animal spirits."


Definitions:

Driven

Being highly motivated or determined to achieve specific goals or outcomes.

Freud

Sigmund Freud, an Austrian neurologist who founded psychoanalysis, a clinical method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Hysterical Disorders

A now outdated term historically used to describe a range of psychological disturbances characterized by physical symptoms without a physical cause, today more accurately referred to in contexts of certain somatoform or conversion disorders.

Phallic Stage

A phase in Freudian psychosexual development centered on the genital organs.

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