Examlex
Explain two concepts of central bank independence. Is the Bank of Canada politically independent? Why do economists think central bank independence is important?
Sudden Insight
A moment of clarity in which the solution to a problem is instantly understood without the need for conscious reasoning.
Problem-Solving Technique
A method or process used to identify solutions to specific challenges or obstacles in a systematic manner.
Mental Set
Mental set is a cognitive framework or mindset that represents a particular way of thinking about something, often making it difficult to solve problems or see situations from a different perspective.
Functional Fixedness
a cognitive bias that limits a person to using an object only in the way it is traditionally used, hindering problem-solving and creativity.
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